Hankook achieves 2Q sales, profit increases

July 31, 2007

Hankook Tire Co. Ltd. achieved global sales of $938.9 million during the second quarter, an 11.4% increase over second quarter 2006 results. Its consolidated operating profits during 2Q 2007 were $87.2 million, a 9.9% increase over the same period in 2006.

Hankook's exports to North America rose some 13%. Exports to China and Europe increased by 23% and 11%, respectively.

Hankook officials attribute sales and profit gains to the company's "strategic focus on driving net retail sales with more intensive marketing activities."