Hankook sales up, profits down

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BRAMPTON, ON – Hankook Tire is reporting higher sales but lower profits in the second quarter of 2017, in the face of rising raw material costs.

Compared to the previous quarter, sales climbed 1.7% to $1.98 billion. Operating profits dropped 12.3% to $242.6 million. Compared to the same period last year, overall sales were down 3.5%, and operating profits were down 34.4%.

Hankook products include passenger, light truck, SUV, winter, medium truck, and bus tires.

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John G. Smith is the editorial director of Newcom Media's trucking and supply chain publications -- including Today's Trucking, trucknews.com, TruckTech, Transport Routier, and Road Today. The award-winning journalist has covered the trucking industry since 1995.

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