이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Hankook Tire’s 2016 OP rises 26% on strong premium tire sales
- Collected
- 2017.02.05
- Distributed
- 2017.02.06
- Source
- Go Direct
The company announced in a regulatory filing that its operating profit in full year 2016 soared 24.7 percent to 1.1 trillion won ($958 million) on a consolidated basis, returning it back to join the so-called ‘1 trillion won club’ in operating profit that it left after posting 884.0 billion won operating profit, down 14.3 percent on year, for full 2015. The rate of operating profit also improved to 16.7 percent from 13.8 percent in the previous year.
The sales for full 2016 rose 3.0 percent to 6.6 trillion won from a year ago.
Shares of Hankook Tire finished Friday at 58,900 won, down 2.32 percent or 1,400 won in Seoul trading.
The improvement in Hankook Tire’s earnings is largely attributed to increased sales of its ultra-high performance (UHP) tires, premium-class tires that are priced up to twice higher than ordinary tires because of their advanced performance and features such as larger wheel diameter. Last year, 34.5 percent out of the total sales came from the UHP tire sales.
The tire maker also has been putting efforts to elevate its brand awareness by supplying original equipment tires, those installed in newly manufactured auto vehicles, for high-end cars across the world such as Tesla’s Model 3 electric vehicle, Mercedes-Benz S-Class sedan, and Ford’s Lincoln MKX and Porsche’s Macan sport utility vehicles.
Hankook Tire targets to record operating profit of 1.1 trillion won and sales of 7.2 trillion won this year, said the company.
By Woo Je-yoon
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]