Hyundai Mobis announced earnings results for the fourth quarter and year ended December 31, 2015. The company has reported a 10.4% year-on-year fall in net income for the full year 2015. The company earned a total of KRW 3 trillion in the 12-month period ended 31 December 2015, compared with KRW 3.4 trillion in 2014. Full-year operating income was down 6.6% year on year to KRW 2.9 trillion, compared with KRW 3.1 trillion during the previous year. Earnings were down despite a 2.5% year on year rise in sales revenues to KRW 36 trillion, against KRW 35.1 trillion in 2014.

During the final quarter of 2015, the company registered a 17.8% year on year jump in sales revenues to KRW 10 trillion, while its operating profit surged 29.4% year on year to KRW 867 billion. The improvement during the final quarter was due to a higher number of working days compared with the same period of 2014 and improved demand conditions in China.