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Kia Motors posts a better than expected profit for the 4th quarter

January 25, 2008 - 10:47 am | Category: Uncategorized Steve Cypher

SEOUL, Jan 25 (Reuters) - Kia Motors Corp, South Korea’s No.2 auto maker, on Friday posted a better-than-expected quarterly operating profit, swinging from a loss a year ago, boosted by a weaker won and lower costs.

The turnaround helped Kia’s shares jump as much as 6.75 percent to 9,960 won during the morning, outperforming a 1.1 percent rise in the broader market.