Tag: Kumho reports operating profit increase in Q2

Kumho reports operating profit increase in Q2

Kumho Tire Co. Inc. reported 9-percent higher operating profit for the quarter ended June 30 on 10.5-percent lower sales. Kumho attributed the earnings improvement—to $111.7 million, or 12.6 percent of sales—to the positive “tailwind” of lower raw materials costs. The…