Hankook Tire reports flat operating profit in 2014 as sales drops 5.5% y/y to USD6.1 billion
Company’s topline growth driven by strong demand for UHP and premium OE tires
Hankook Tire has reported a 5.5% year-over-year (y/y) drop in sales to KRW6.68 trillion (USD6.08 billion, 31 December 2014) in the financial year ended 31 December 2014 compared with KRW7.07 trillion (USD6.65 billion, 31 December 2013) a year earlier, the leading South Korean tiremaker said in a press release.
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