SEOUL, South Korea (AP) - Hyundai Motor Co. says first-quarter profit rose 46 percent as sales increased.
Hyundai Motor said Thursday that it earned 1.88 trillion won ($1.75 billion) in the three months ended March 31. That compared with net profit of 1.28 trillion won a year earlier.
Sales in the first quarter rose 21 percent to 18.2 trillion won.
Shares in Hyundai Motor surged 7.3 percent Thursday to close at 250,500 won.