On Wednesday, Hankook Tire & Technology Co. announced its third-quarter net income as 300.3 billion won, a 30.3 percent increase from the same period last year. Operating income for the July-September period also rose 106 percent to 396.4 billion won, while sales were up 1.8 percent to 2.34 trillion won.
The company’s earnings exceeded expectations, with analysts predicting a net profit of 213.3 billion won, according to a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.