Kia Motors announced earnings results for the fourth quarter and full year ended December 2016. The company reported net profit came to KRW 320 billion ($276.3 million) in the October-December period, down 25.7% from the same period a year earlier. Sales gained 1% on-year to KRW 12.91 trillion. For the year, the company's net profit came to KRW 2.75 trillion, up 4.7% from 2015. Full-year sales by value rose 6.4% on-year to KRW 52.71 trillion, although the number of vehicles sold slipped 1%. Operating profits were up 4.6% to KRW 2.46 trillion.