Kumho Tire Co., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:31 am EST
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Kumho Tire Co., Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 128,976.92 million compared to KRW 41,081.98 million a year ago. Net loss was KRW 34,715.48 million compared to KRW 69,990.23 million a year ago. Basic loss per share from continuing operations was KRW 121 compared to KRW 244 a year ago. Diluted loss per share from continuing operations was KRW 121 compared to KRW 244 a year ago. Basic loss per share was KRW 121 compared to KRW 244 a year ago.
For the nine months, sales was KRW 361,505.52 million compared to KRW 170,796.33 million a year ago. Net loss was KRW 69,689.4 million compared to KRW 97,609.79 million a year ago. Basic loss per share from continuing operations was KRW 243 compared to KRW 340 a year ago. Diluted loss per share from continuing operations was KRW 243 compared to KRW 340 a year ago. Basic loss per share was KRW 243 compared to KRW 340 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. 
