Kumho Tire Reports Operating Profit of 36.4 Billion KRW Last Year, Down 36.5% YoY

[Asia Economy Reporter Ki-min Lee] Kumho Tire announced on the 16th that its consolidated operating profit for last year was 36.4 billion KRW, a 36.5% decrease compared to the previous year.

Sales decreased by 8.4% to 2.1707 trillion KRW, and the net loss for the period widened to 46.2 billion KRW from 43.4 billion KRW the previous year.

Kumho Tire stated, "Operating profit decreased by more than 15% due to the impact of COVID-19."