Hyundai Mobis posts 17.2% operating profit growth in Q3

Hyundai Mobis reported Q3 revenue of KRW 15.72 trillion (+4.6% YoY) and operating profit of KRW 914.1 billion (+17.2%), while net profit fell 35.7% to KRW 598.4 billion. Starting next month it will produce prototype actuators for Boston Dynamics' Atlas humanoid, with full supply set for 2028.

• Q3 revenue reached KRW 15.72 trillion, up 4.6% year on year
• Operating profit rose 17.2% to KRW 914.1 billion
• Net profit dropped 35.7% to KRW 598.4 billion
• Annual R&D spending to exceed KRW 2 trillion for the first time