Hankook Tire sales, operating profit lower in Q2

Sales at Hankook Tire declined 11.2 per cent year-on-year to KRW 1,661.5 billion (£954.4 million) in the second quarter of 2014. The UHP tyre segment accounted for 30 per cent of the company’s consolidated sales in the quarter, noted the South Korean tyre maker. Operating profit decreased 7.4 per cent to KRW 251.2 billion (£144.3 million).

Additional Hankook Tire financial information can be found here.