Hankook 2013 Q4 Profit Up - Tire Review Magazine

Hankook 2013 Q4 Profit Up

In a regulatory filing submitted to the Korea Stock Exchange, Hankook Tire reports sales of KRW 1,708.5 billion (£953.8 million) for the fourth quarter of 2013, a year-on-year increase of 0.5%. Operating income, at KRW 254.8 billion (£142.2 million), was up 14.6% compared to the fourth quarter of 2012. Net profit from continuing operations (before corporate income tax) was reported as KRW 237.0 billion (£132.3 million), a 15.1% year-on-year increase. Net income was not reported.

Full-year 2013 sales amounted to KRW 7,059.9 billion (£3.9 million), up 4.3% from the forth quarter of 2012. Operating income for the year came to KRW 1,030.9 billion (£575.6 million) and was 12.2% higher year-on-year. Net profit from continuing operations (before corporate income tax) for the year was KRW 997.0 billion (£556.6 million). (Tyres & Accessories)

You May Also Like

Nexen Tire America details its 2024 U.S. motorsports program

Nexen Tire Motorsports drivers competed at the “Streets of Long Beach” Pro Championship event using the company’s N’Fera Sport R tire.


Nexen Tire America is kicking off its 2024 U.S. motorsports program. In addition to partnering with two of last year’s Nexen Tire Motorsports drivers in Formula Drift – Federico Sceriffo and Trent Beechum – Nexen Tire said it has also added a third driver to its roster, Mike Power.

Chapel Hill Tire opens 12th location in Durham, NC

Chapel Hill Tire said the new Durham location will offer everything from routine maintenance to complex repairs.

Hankook acquires additional stake in thermal management systems company, Hanon Systems

Hankook & Company Group said it will hold a 50.53% stake in Hanon Systems and take management rights as the largest shareholder.

Handshake agreement
PRT launches 59 new complete strut assemblies

Extending PRT’s product portfolio in North America, the new release represents nearly 12M vehicles in new coverage.

Tire Discounters partners with the Atlanta Braves for home run promotion

For every home run hit by the Braves this year in a game, Tire Discounters will give fans discounts on Goodyear/Cooper tires.

Other Posts

Michelin sponsors WWII vets’ return to Normandy for D-Day 80th anniversary

WWII vets will participate in several parades, ceremonies and celebrations during their 10-day tour of the Normandy region.

McCarthy Tire Service partners with Truckers Against Trafficking

McCarthy Tire Service has launched a company policy aimed at identifying and reporting potential human trafficking situations.

TIA’s EV Advisory Council tours Midtronics HQ

The agenda included a council meeting, a facility tour and a demonstration led by the Midtronics EV platform team.