Connect with us

News

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.

Advertisement

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.

Advertisement
Click Here to Read More
Advertisement

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.)

Advertisement
Click to comment

POPULAR POSTS

goodyear-cooper-TR1400 goodyear-cooper-TR1400

News

Goodyear to Acquire Cooper Tire for Approx. $2.8B

Park-Tire-Top-Shop-Photo-father-and-sons Park-Tire-Top-Shop-Photo-father-and-sons

Proud to Be an Independent Tire Dealer

Tire Dealer Profile: Jim Stocking, Park Tire Company

Goodyear Tire Kramer Cooper Tire Hughes CEOs Goodyear Tire Kramer Cooper Tire Hughes CEOs

News

Goodyear CEO: Cooper Acquisition Means Better Dealer Service

WIX-school-of-the-year WIX-school-of-the-year

News

WIX Filters Names 2020 School of the Year

Connect