Third Quarter a Charm for Hankook

(Tire Review) Hankook Tire posted a net profit for the third quarter of the year thanks to increased sales and decreased production costs. For the three months ending 30 September, Hankook posted a net profit of 182.95 billion won (£96 million), up from a net loss of 14.79 billion won a year earlier. Operating profit in the third quarter jumped to 155.94 billion won from 53.86 billion won, while sales rose 14 per cent to 762.09 billion won from 667.75 billion won. Operating profit margin also jumped to 20.5 per cent from 8.1 per cent a year earlier.