Hankook Sales Up, Ordinary Income Down in 2007

Hankook Tire reports positive sales and operating income results for 2007. The tyremaker has recorded sales of 2.253 trillion won (≤1.2 billion), an increase of 9.2% on its 2006 results.

Published: January 23, 2008

Operating income jumped 57.4% from 174.54 billion won (£94.5 million) in 2006 to 274.79 billion won (£148.7 million) last year.

The company’s ordinary income results for the year were less positive: In 2007 this was recorded as 227.18 billion won (£122.9 million), a slightly lower (-1.0%) figure than in 2006. The company has not as yet reported its net income for 2007, however its fourth quarter (to December 2007) net profit declined 72.1% from a year earlier to 7.04 billion won (£3.8 million). Hankook attributed increases in raw material costs for this significant drop in quarterly profit. (Tyres & Accessories/Staffordshire, U.K.)

Yokohama Rubber partners with Haupt Racing Team

Yokohama Rubber said it is aiming for victories at the Nürburgring 24-Hour Race and Nürburgring Langstrecken Serie (NLS) with Advan tires.

By Christian Hinton

Published: April 24, 2024

Yokohama Rubber has signed a partnership agreement with Mercedes-AMG Customer Racing’s Haupt Racing Team (HRT). As part of the Advan Challenge that seeks to maximize sales of Advan tires, Yokohama Rubber said it is aiming for victories at the Nürburgring 24-Hour Race and Nürburgring Langstrecken Serie (NLS) by supplying its Advan racing tires for the Mercedes-AMG GT3 being entered in those races by HRT.