SEOUL (Reuters) - Hyundai Motor Co's (KS:005380) quarterly net profit slipped for the 11th consecutive quarter, missing estimates, as the South Korean automaker was hit by a protracted strike and falling sales at home.
The world's fifth-biggest automaker, together with affiliate Kia Motors Corp (KS:000270), said on Wednesday net profit for the third quarter ended September fell 10 percent to 1.06 trillion won (769 million pounds). That was below the 1.17 trillion won it reported in the same period a year earlier, when profit slid nearly a quarter on weak China sales.
The July-September net profit also trailed a consensus forecast of 1.3 trillion won, according to 19 analysts polled by Reuters.
