Hankook Tire outperforms European market in Q2 2017, global sales, profit lower

14th August 2017 | 0 Comments
 
Hankook Tire outperforms European market in Q2 2017, global sales, profit lower

At KRW 1.667 trillion (£1.1 billion), Hankook Tire’s global sales in the second quarter of 2017 were 3.5 per cent lower than those in the corresponding period of last year. Operating profit for the three months to 30 June 2017 amounted to KRW 203.7 billion (£136.8 million), down 34.4 per cent year-on-year. Hankook Tire mainly attributes this decline in operating profit to increased raw material prices. EBIDTA was down 18.6 per cent year-on-year to KRW 352.7 billion (£236.9 million), and the margin declined from 25.1 per cent to 21.2 per cent.

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