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SEOUL, Oct. 25 (Xinhua) -- Hyundai Motor, South Korea's biggest carmaker, posted a double-digit decline in its third-quarter operating profit, a regulatory filing showed Thursday.
Hyundai's operating profit plunged 76 percent over the year to 288.9 billion won (253.6 million U.S. dollars) in the July-September quarter.
It was the lowest quarterly earnings since a new accounting standard, or International Financial Reporting Standards (IFRS), was adopted in 2010.
Revenue rose 1 percent to 24.4 trillion won (21.4 billion U.S. dollars) in the September quarter, but net income dived 67.4 percent to 306 billion won (26.9 million U.S. dollars).
