Higher sales for Hankook

January 30, 2012

SOUTH Korean Hankook Tire had record global sales of KRW6.484 trillion and operating profit of KRW566.3 billion for fiscal year 2011. Hankook Tire continued to record double-digit growth surpassing its annual target set in the beginning of 2011 to finish upwards with a 20.9% year-on-year increase in global sales, while the company’s operating profit slowed marginally as a result of a sharp increase in the price of imported raw materials. Hankook Tire saw a 41% and 34% increase in Europe and North America, respectively, followed by healthy growth of over 20% in Asia Pacific and Latin America.(PRA)

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