Kia reports $890 million first-quarter profit
(April 29, 2011) Kia Motors, which sports a revitalized lineup of cars and crossovers including the 2011 Optima and Sorento, reported today that first-quarter profit rose to 953.2 billion won ($890 million) from a revised 498.5 billion won a year earlier.
Sales at the South Korean company climbed 37 percent to 10.7 trillion won.
Kia is affiliated with Hyundai Motor Co., which also announced a large quarterly profit.
Source: press reports