12 Aug 2009
ERJ staff report (TB)
Seoul, South Korea -- Kumho Tire Co. Inc. reported a net loss of $76.5 million in the second quarter, the firm's fourth straight quarterly loss, as sales fell 23.7 percent to $364.6 million, according to preliminary figures released recently.
The firm also was in the red on an operating basis during the period ended June 30 at $35 million.
For the first half, Kumho was $161.4 million in the red on 15.2 percent lower sales of $741.4 million.
Kumho also posted losses in the third and fourth quarters of fiscal 2008.
Kumho did not comment on the results, posted on the firm's Web site.
From Tire Business (A Crain publication)
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
