South Korea's Hyundai Motor Co reported a record high quarterly profit and revenue for the three months ended June, beating forecasts, as favourable exchange rates and strong sales of high-margin sport utility vehicles boosted earnings. The automaker, however, warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers. "As consumer demand for autos is weakening, we expect there will be more competition and the amount of incentives is also likely to increase... creating a tougher business outlook," it said in an earnings release.