Kumho Tire Q2 Net Dips 26.4% Due to Weak Sales

SEOUL, Aug. 8 (Korea Bizwire) – Kumho Tire Co., South Korea’s second-biggest tiremaker by sales, said Tuesday that its second-quarter profit declined 26.4 percent from a year earlier on lower demand from major markets. Net profit reached 195 billion won (US$173 million) on a consolidated basis during the April-June period, compared with a profit of [...]