Kumho Tire Reports Third-Quarter Net Income of 33.3 Billion Won, Reversing Previous Year’s Loss

Seoul, South Korea – Kumho Tire Co. announced its financial performance for the third quarter on Friday, reporting a net income of 33.3 billion won (US$24.6 million). This marks a significant turnaround for the company, which had posted a net loss of 33.7 billion won in the same period last year.

According to a new release by Yonhap News Agency, Kumho Tire recorded an operating profit of 96.2 billion won for the quarter, a stark contrast to the 2.3 billion won in operating profit reported a year ago. The company's sales remained consistent, totaling 977.5 billion won.

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