Hankook earnings dip on slightly higher sales

Seoul – Despite slightly higher sales, Hankook Tire Co. Ltd posted drops of 3.3% and 7.6% in earnings (EBITDA) in the first quarter and first half to $306 million and $605.2 million, respectively.

The Korean tire maker did not comment on the reasons for the earnings declines over the first six months to 30 June.

Operating profit was off as well, down 10.4% and 15.7% for the quarter and half.

Sales for the quarter rose 2.3% to $1.58 billion and were up 0.3% for the half to $3.07…

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