Hankook sees global sales revenue increases in Q3 of 2016

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Hankook has reported financial results for the third quarter of 2016 with global sales revenue of ₩1.657tn and an operating profit of ₩297.1bn, which increased 23% compared with the same period of last year.

Despite a smaller demand in the global market, positive sales in the UHPT (ultra high-performance tire) segment and the premium original equipment tire segments helped achieve the financial results, especially in the Europe and China markets.

Hankook Tire managed to secure stable sales results contributed by replacement tires as well. Notably, revenue from UHPT sales resulted in a consistently upward trend, accounting for 34.2% of the company’s total sales.

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Rachel's career in journalism began around five years ago when she started working for UKi Media & Events, having recently graduated from Coventry University where she studied the subject. Her favourite aspect of the job is interviewing industry experts, including researchers, scientists, engineers and technicians, and learning more about the ground-breaking technologies and innovations that are shaping the future of the automotive and tire industries.

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