Kumho Tire Reports Operating Profit of 36.4 Billion KRW Last Year, Down 36.5% YoY
[Asia Economy Reporter Ki-min Lee] Kumho Tire announced on the 16th that its consolidated operating profit for last year was 36.4 billion KRW, a 36.5% decrease compared to the previous year.
Sales decreased by 8.4% to 2.1707 trillion KRW, and the net loss for the period widened to 46.2 billion KRW from 43.4 billion KRW the previous year.
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Kumho Tire stated, "Operating profit decreased by more than 15% due to the impact of COVID-19."
This content was produced with the assistance of AI translation services.
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