Kumho Earnings See Massive Jump in Q2

Published: July 30, 2010

Kumho Tire Co.’s second quarter earnings jumped 160.4% from the tiremaker’s Q1 results, to 53.9 billion won (US$45.5 million) from 20.7 billion won. Kumho posted a net loss of 113.2 billion won in the second quarter of 2009.

Sales rose 34.1% year-on-year to 628 billion won in Q2. Revenue increased 7.1% in the April-June period from the first quarter, the company said. Operating profit more than tripled from the first quarter to 66.9 billion won, also a major turnaround from its 44.9 billion won loss a year earlier, the company stated.

Kumho Tire has been undergoing a creditor-led restructuring program since its parent company, Kumho Asiana Group, lost billions of dollars following its acquisition of Daewoo Engineering & Construction Co.

Continental appoints new ‘head of region’ for the US, Canada

In this role, Rob Schroeder will oversee all of material handling, port, earthmoving and agriculture tire business in the United States and Canada.

By Christian Hinton

Published: April 18, 2024

Continental revealed that Rob Schroeder, former Sr. manager of operations, marketing and analytics, will take over the responsibility of head of region for the United States and Canada. In this role, he will oversee all of material handling, port, earthmoving and agriculture tire business in the United States and Canada. The appointment took effect April 1.