Hankook Tire cruises with a solid second quarter

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Hankook Tire cruises with a solid second quarter

Hankook Tire, nation’s largest tire manufacturer, yesterday reported sales of 1.86 trillion won and operating profit of 271.3 billion won in the second quarter.

Second-quarter sales were 1.4 percent and operating profit increased 11.3 percent compared to a year ago, the company said.

Compared to the previous quarter, sales were 11.3 percent higher, while operating profit increased 3.6 percent.

The company said rising sales of ultra high performance (UHP) tires was the key factor for the enhanced performance.

According to Hankook Tire, UHP tire sales increased 32 percent in China and 15 percent in North America compared to the first quarter, the company said.

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