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.
Do you regularly attend dealer meetings?
|I go as often as I'm able.||
33% (24 votes)
|Once in a while, every few years.||
25% (18 votes)
|I hope to get to one soon.||
18% (13 votes)
|I can't afford to spend the time away from the shop.||
24% (17 votes)
|Total votes: 72|