May. 2, 2007 Hyundai´s 1Q Net Declines by 10.2 Pct As Unit Sales Drop 7.4 Pct • Stronger Korean won and other factors impact fiscal performance ( Seoul, Korea ) - A combination of a fast-appreciating Korean won, work stoppages, higher raw material costs and slowing sales drove down Hyundai Motor Co.´s first quarter net profit by 10.2 percent. Unit sales of the company´s domestic plants (excluding overseas manufacturing subsidiaries) fell 7.4 percent to 387,463 on which it earned sales revenues of 6.68 trillion won, equivalent to a 2.6 percent y-o-y drop. Hyundai´s net income for the quarter stood at 307.4 billion won ($330 million), compared with 342.4 billion won a year earlier. Operating profit touched 291.4 billion won ($313.1 million), versus 335.3 billion won a year ago. Visit http://ir.hyundai-motor.com/eng/index.html for a detailed report on the latest fiscal results.