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Thursday May 8, 2:07 PM
Daewoo Motors Sales Posts 47PCT Plunge in Q1 ProfitSEOUL, May 8 Asia Pulse - Daewoo Motors Sales Corp., (KSE:04550), a South Korean auto sales company, said Thursday that its net income for the first quarter of this year had fallen 47 per cent from a year earlier to 5.2 billion won (US$4.9 million). First-quarter operating profit declined by 46.5 per cent to 7.8 billion won and sales slipped by 15.5 per cent to 668.2 billion won, the company said in a statement.
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