After years of losses, most due to the extensive "workout program" it undertook when its then-parent company faced financial difficulties, Kumho Tire Co. has posted positive sales and net earnings numbers.
For its fiscal 2012, Kuhmo reported record sales of $3.62 billion, up 4% year-over-year, resulting in net income of $116.2 million.
Operating income registered for the year reached $334 million, according to the tiremaker’s annual report for 2012.