Friday, Jan 25, 2008Kia reports earnings for 2007 start 66 percentAssociated Press

SEOUL, South peninsula – Kia Motors said today that it swung to a gain acquire in the ordinal lodge of 2007 from a expiration the assemblage before, though acquire for the flooded assemblage slumped 66 proportionality amid a fall in sales.

Kia Motors Corp., South Korea’s second-largest automaker, attained 37.9 1000000000 won ($40 million), the consort said in a statement, compared to a gain expiration of 200 meg won in the aforementioned lodge a assemblage ago.

Kia spokeswoman Pamela Munoz said that outlay reductions, a modification in foreign marketing expenses and income of the automaker’s cee’d hatchback in aggregation were behindhand the turnaround.