Hankook Tire Co. Ltd. posted net sales of nearly $1.4 billon for its fourth quarter ended Dec. 31, 2016, up 1.1% compared to the same period the previous year.
The sales were based on the full-year exchange rates from the Korean won to the U.S. dollar in 2016 and 2015. The company did not release net income.
Operating income for the quarter was relatively flat compared to 4Q 2015, growing from $206.5 million to $207.1 million.
For fiscal 2016, Hankook recorded net sales of $5.7 billion, relatively flat compared to fiscal 2017. Operating income was up 21.6%, from $782.1 million to $951.1 million.