UHP sales help Hankook’s first quarter results

Seoul, Korea  – Hankook Tire has posted a slight dip, almost 1%, in first quarter operating profit to €187.9 million on consolidated sales of €1.333 billion, 7.9% higher than in the same period last year.

In a 3 May statement, the Korean tire maker linked the higher revenues to an “impressive sales performance of ultra high performance (UHP) tires and an overall sales increase across different regions.”

Sales of UHP tires grew by 1.4% year-on-year, accounting for 36.7% of total sales generated during the first quarter. Sales…

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