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.
How will the new Labor Department rule on overtime pay affect you?
|I've already had to demote some managers and assistant managers because of it||
|I was hoping to hire some new technicians soon. I can't now because of the new overtime rules||
|It won't affect me much||
|I think it's fair for assistant managers to get compensation for overtime||
|I'm voting a straight GOP ticket this November to see if we can get rid of this||
|Total votes: 81|