Hankook Tire has posted third quarter operating profit of US$261m, with global consolidated sales of KRW1.72tn.

The tyre supplier said despite slow global economic recovery, it had “reinforced its brand equity as a global premium tyre company” with a 3.3% increase in sales and a 9.9% growth in operating profit compared to the previous quarter.

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In the past three quarters of 2014, the accumulated sales of Ultra High Performance (UHP) tyres accounted for around 31% of the company’s gross sales revenue.

This is comparatively higher than the previous sales portion of UHP tires for the same period in 2013, which were 28.4% in total.

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