Hankook targeting 15% growth in fiscal 2017

Seoul – Hankook Tire Co. Ltd. is targeting 15% revenue growth in fiscal 2017 after reporting a 24.7% better operating profit for fiscal 2016 on 3.1% higher sales.

Hankook said it plans to focus on expanding aftermarket sales in the ultra-high-performance segment, as well as in the premium OE segment, to achieve its goal of exceeding $6.25 billion (€5.8 billion) in sales.

For fiscal 2016, Hankook reported operating income of $951.1 million on sales of $5.71 billion. As a result the operating ratio jumped three percentage points…

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