SEOUL, South Korea (May 20, 2014) — Nexen Tire Corp. reported a double-digit gain in operating for the quarter ended March 31 on 4.6-percent higher sales.
Operating income rose 12.8 percent to $50.4 million, while ordinary profit was up 2.4 percent to $40.8 million. Consolidated revenue rose to $424.3 million, as sales by the firm’s Chinese business unit jumped 7.8 percent while sales by the Korean unit dropped 2.7 percent.
Sales of high-performance tires jumped 13.5 percent, Nexen reported, and now account for 37.6 percent of net sales and 32.9 percent of unit volumes.
Nexen didn’t offer any commentary on the quarterly results.
Do you give any credence to news reports trying to link cancer in youth soccer players to crumb rubber used in artificial turf?
|Yes. Where there’s smoke there’s fire.||
|No. There’s no proof to make the claim.||
|I’m undecided and think there needs to be an independent study.||
|Total votes: 136|