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Hankook Tire Announces Earnings Results for Second Quarter 2014
- - Global sales revenue posted KRW 1.66 trillion and operating profit of KRW 251.2 billion
- - Solidified brand reputation as a global tire company with robust UHP tire sales and continued investment in technology
July 29th, 2014 (Seoul, Korea) – Hankook Tire today announced financial results for the second quarter 2014. The company posted global consolidated quarterly revenue of KRW 1.66 trillion, and its quarterly operating profit marked KRW 251.2 billion.
Despite a strong Korean Won, Hankook Tire has built a strong brand reputation as a premium global tire company with its robust sales in Ultra-High Performance (UHP) tire segment and consistent investment in technology.
The UHP tire segment accounts for 30% of the company’s consolidated quarterly sales. In addition, Hankook Tire is continuing its business growth in the global automotive market including Europe, led by a growing recognition for the company’s advanced tire technology and performance.
Hankook Tire recently broke ground for its new R&D center, HANKOOK TECHNODOME. Hankook Tire’s continuous investment in R&D reflects its keen emphasis on further development of future-oriented tire technology to improve its global competitiveness and for its path to become a global top-tier tire brand.Q2 2014 Consolidated Results
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