SEOUL, South Korea (July 30, 2014) — Hankook Tire Co. Inc. suffered 7.4- and 11.2-percent drops in operating income and sales, respectively, for the second quarter of fiscal 2014.
Hankook, the world’s No. 7 tire maker, did not elaborate on the reasons for the declines or provide any regional comparisons.
For the quarter ended June 30, operating income fell to $243.8 million as sales dropped to $1.66 billion. As a result, the operating result improved slightly to 15.1 percent.
The UHP tire segment accounted for 30 percent of the company’s consolidated quarterly sales, Seoul-based Hankook said.
For the half year, operating income slipped 4.3 percent to $496.3 million as sales dipped 6 percent to $3.24 billion. The operating result was up slightly to 15.3 percent.
When is the last time you attended one of the national tire industry trade shows, such as SEMA, ITEC or the North American Tire & Retread Expo?
|I try and take in at least one show a year.||
|I usually attend one every few years.||
|There are so many tire maker and distributor meetings each year, I don’t see a need to attend one of the national shows.||
|I don’t find value in these shows and haven’t been to one in years.||
|I’d like to but I am too busy||