Feb 23, 2023

Hankook Tire Reports Rising Profits

Korean tire maker Hankook Tire just announced its financial results for the year 2022, posting a 17.5% increase in profit.

Consolidated worldwide sales reached a record level of 6.9 billion (US$) while operating profits represented 576.7 million (US$).

These two results show an increase of 17.5% and 9.9% respectively compared to the previous year.

Annual sales were supported by the addition of value-added products and an effective pricing strategy. …

Source: Autosphere

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