Hankook & Company posts 35.6% rise in Q2 operating profit

Hankook & Company reported second-quarter consolidated operating profit of 100.2 billion won ($72 million), up 35.6% from a year earlier, while revenue fell 1.2% to 339.6 billion won. Profit improved as equity-method earnings increased, supported by higher sales volume at core affiliate Hankook Tire & Technology, an improved product mix and favorable exchange rates. Its Hankook Battery business saw revenue and operating profit decline amid U.S. tariff policy, geopolitical risks and rising secondary-material costs, though the company said expanded sales of high-value AGM batteries helped protect profitability. Hankook & Company said it plans to broaden its premium battery lineup, pursue region-specific strategies and continue upgrading its portfolio around tires, batteries and automotive thermal management systems.

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