Kumho Tire Co., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:05 am EST
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Kumho Tire Co., Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 32,537.19 million compared to KRW 128,976.92 million a year ago. Net income was KRW 28,215.72 million compared to net loss of KRW 34,715.48 million a year ago. Basic earnings per share from continuing operations was KRW 98 compared to basic loss per share from continuing operations of KRW 121 a year ago. Diluted earnings per share from continuing operations was KRW 98 compared to diluted loss per share from continuing operations of KRW 121 a year ago. Basic earnings per share was KRW 98 compared to basic loss per share of KRW 121 a year ago.
For the nine months, sales was KRW 114,837.03 million compared to KRW 361,505.52 million a year ago. Net income was KRW 71,256.01 million compared to net loss of KRW 69,689.4 million a year ago. Basic earnings per share from continuing operations was KRW 248 compared to basic loss per share from continuing operations of KRW 243 a year ago. Diluted earnings per share from continuing operations was KRW 248 compared to diluted loss per share from continuing operations of KRW 243 a year ago. Basic earnings per share was KRW 248 compared to basic loss per share of KRW 243 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. 
