UPDATE 1-Hyundai Motor’s Q4 net profit rises 31%, misses forecasts

South Korea's Hyundai Motor Co on Thursday reported a 31% rise in fourth-quarter profit that missed analyst expectations due to unfavourable exchange rates as well as one-off costs related to the sale of its Russia plant in December. Hyundai Motor, the world's No.3 automaker by sales with its affiliate Kia Corp, reported a net profit of 2.2 trillion won ($1.65 billion) for the October-December period versus a profit of 1.7 trillion won a year earlier. In December, Hyundai Motor said it would take a 287 billion won ($219.2 million) loss on selling its plant in Russia, where operations have been suspended since March 2022.