Summary
Looking at the 5.2% increase in sales revenues can be misleading, Kia was helped by the relatively stable South Korean won versus the US dollar during the last two quarters of 2015. The exchange-rate value of the South Korean won against the US dollar gained 7.4% during the period, which had a positive impact. Viewing at the results in USD as presented on the chart, create a bigger gap. Where sales in USD Yoy fall 2.5% and net profit to a scary crash of more then 18.5%.
Kia