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.

Cosmo Tires to include 40,000-70,000 mileage warranty on all PLT tires

Cosmo will continue its portfolio expansion later this year when it launches its new Gripit X/T, Rockit R/T, and Cosmo Kurrent.

By Christian Hinton

Published: April 22, 2024

Cosmo Tires, distributed by Tire Group International, has introduced changes to its mileage warranty and road-hazard programs which will now feature a mileage warranty of 40,000-70,000 miles for all passenger and light truck tires offered.

“Our products are over-built and tested on the most rigorous tracks and terrains around the globe and this reflects our investments in manufacturing and quality. Now, all passenger and light truck tires carry Cosmo’s road hazard and mileage warranty ranging from 40,000-70,000 miles," said Dominick Montouri, chief strategy officer of Tire Group International, said.