SOUTH KOREA: Kumho’s operating income rises 93.8% in FY2012
Kumho Tyre reported net income of KRW130.6bn (US$116.87m) on net sales of over KRW4tn for its fiscal year 2012 ended 31 December 2012, compared with a net loss of KRW26.8bn on sales of KRW3.9tn in the previous year. The company's operating income surged 93.8% to KRW375.3bn, from KRW193.6bn earlier.
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