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Hankook Tire post 23% rise in OP riding on the back of UHP sales.

Posted: November 9, 2016 at 8:32 am   /   by   /   comments (0)

Hankook Tire has posted a 23% rise in operating profit for the third quarter at KRW297.1 billion on global sales of KRW 1.657 trillion, the South Korean tyre-maker announced 4 Nov.

While markets generally remained flat, sales of UHP and “OE premium” tyres bolstered Hankook’s financial results, especially in Europe and China markets.

The replacement market was stable for the three months to the end of September, the tyre maker added.

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