Hyundai Motor Co. reported a 6.5% decline in third-quarter operating profit compared to the previous year, falling short of analysts' expectations.
The profit drop was attributed to sluggish vehicle sales globally and heightened geopolitical risks impacting earnings.
Despite the decline in profit, Hyundai's sales increased by 4.7% during the same period.
The company continues to face challenges in the market, with external factors affecting its overall performance.