Kumho Tire Co., Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 02:15 am EDT
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Kumho Tire Co., Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 39,939 million compared to KRW 122,370 million a year ago. Net income was KRW 27,376.11 million compared to net loss of KRW 29,825.13 million a year ago. Basic earnings per share from continuing operations was KRW 95 compared to basic loss per share from continuing operations of KRW 104 a year ago. Diluted earnings per share from continuing operations was KRW 95 compared to diluted loss per share from continuing operations of KRW 104 a year ago. Basic earnings per share was KRW 95 compared to basic loss per share of KRW 104 a year ago.
For the six months, sales was KRW 82,300 million compared to KRW 232,529 million a year ago. Net income was KRW 43,040.29 million compared to net loss of KRW 34,973.91 million a year ago. Basic earnings per share from continuing operations was KRW 150 compared to basic loss per share from continuing operations of KRW 122 a year ago. Diluted earnings per share from continuing operations was KRW 150 compared to diluted loss per share from continuing operations of KRW 122 a year ago. Basic earnings per share was KRW 150 compared to basic loss per share of KRW 122 a year ago.
Kumho Tire Co Inc is a Korea-based company mainly engaged in the manufacture and sale of tires. The Company manufactures and sells tires for passenger cars, sports utility vehicles (SUVs), recreational vehicles (RVs), trucks, buses, racing cars. The products are sold under the name of SOLUS series, ECSTA series, ecowing series, SENSE series, WinTERCRAFT, among others. In addition, the Company also engaged in the non-residential building leasing. The Company distributes its products in domestic and overseas markets such as China, Vietnam and America.
KUMHO TIRE CO., INC. 
