Fig 10- Hankook

Hankook Tire posts Q2 slump in earnings

Seoul, Korea / Neu-Isenburg, Germany – Hankook Tire has posted a 34.4% drop in operating earnings for the second quarter on global sales 3.5% lower at €1.341 billion, the company announced 9 Aug.

The Korean tire maker linked the earnings decline, which saw operating profit fall to €163.9 million, was mainly due to higher raw materials prices.

On a brighter note, Hankook said quarter-on-quarter sales revenue had increased, with growth “outpacing the market.”

The UHPT sales ratio increased by 1.7%, accounting for 36.9% of total sales generated during…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with