Kia earnings up 91% to $890 million in Q1
 

<p>Filed under: <a href="http://www.autoblog.com/category/kia/" rel="tag">Kia</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a></p><a href="http://www.reuters.com/article/2011/04/29/hyundai-result-idUSL3E7FS0C720110429"><i mg alt="Kia logo" src="http://www.blogcdn.com/www.autoblog.com/media/2011/04/21kiafortekoupreview-1304090519.jpg" style="border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-top-style: solid; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; margin-left: 0px; margin-right: 0px; margin-top: 4px; margin-bottom: 4px; " /></a><br />
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Automaker earnings have been mostly impressive so far, and <a href="http://autoblog.com/make/kia/">Kia</a> is no different. Reuters reports that the Korean automaker has posted earnings of $890 million for the first quarter of 2011, up 91 percent compared to the $466 million profit from Q1 2010. Overall revenue for the quarter was $10 billion, up 37 percent year over year. Kia's healthy earnings come as sales rose 30 percent to 619,089 units. The automaker fared especially well in South Korea, China and the United States, where new models like the <a href="http://www.autoblog.com/model/optima">Optima</a> and <a href="http://www.autoblog.com/model/sportage">Sportage</a> have really taken off.<br />
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Kia's profit surge comes one day after <a href="http://autoblog.com/make/hyundai/">Hyundai</a> <a href="http://www.autoblog.com/2011/04/28/hyundai-quarterly-profit-up-46-to-1-75b/">announced earnings</a> of $1.7 billion. Hyundai shares are up 44 percent on the year, while Kia shares are up 16 percent.<br />
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[Source: <a href="http://www.reuters.com/article/2011/04/29/hyundai-result-idUSL3E7FS0C720110429">Re uters</a> | Image: Drew Phillips/AOL]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2011/04/29/kia-earnings-up-91-to-890-million-in-q1/">Kia earnings up 91% to $890 million in Q1</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Fri, 29 Apr 2011 13:32:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.reuters.com/article/2011/04/29/hyundai-result-idUSL3E7FS0C720110429>Rea d</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2011/04/29/kia-earnings-up-91-to-890-million-in-q1/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19927724/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2011/04/29/kia-earnings-up-91-to-890-million-in-q1/#comments" title="View reader comments on this entry">Comments</a>

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