Korea Company announced on August 12 that its preliminary operating profit for the second quarter reached 100.2 billion won, marking a 35.6% increase compared to the same period last year.
During the same period, sales totaled 339.6 billion won, a slight decrease of 1.2% year-on-year. However, the increase in equity method gains, driven by expanded sales and improved product mix at its core subsidiary, Hankook Tire & Technology, along with favorable exchange rates, contributed to the improved operating profit.
The operating profit margin for the second quarter was 29.5%. While this represents a slight decline from 32.2% in the first quarter, it is an improvement from 21.5% in the second quarter of the previous year.
In terms of business segments, the Hankook battery division experienced a decline in both sales and operating profit compared to the previous year due to U.S. tariff policies, geopolitical risks, and rising raw material costs. However, the expansion of sales in high-value-added AGM (Absorbent Glass Mat) batteries helped maintain profitability and global market responsiveness.
Korea Company is continuously enhancing its business competitiveness to address uncertainties such as global demand slowdown, trade risks, and rising cost pressures.
The Hankook battery division has established a sales network in approximately 100 countries, serving over 450 customers, and plans to expand its high-value product lineup centered on AGM batteries while implementing region-specific strategies to adapt flexibly to market changes.
Additionally, the company is focusing on enhancing the competitiveness of its subsidiaries and expanding the role of the holding company to establish a sustainable growth foundation.
Under the integrated brand strategy promoted by Chairman Cho Hyun-bum, the company is strengthening group synergies. Following the tire division of Hankook Tire & Technology surpassing 10 trillion won in annual sales for the first time last year, the benefits of acquiring Hanon Systems are also beginning to materialize.
Looking ahead, Korea Company plans to refine its business portfolio centered on tires, batteries, and automotive thermal management systems to secure future growth drivers.
A representative from Korea Company stated, "Despite ongoing challenges in the global trade environment and cost pressures, we have secured a stable profit base through a premium product-focused sales strategy and the competitiveness of our core subsidiaries. We will continue to respond flexibly to market changes and enhance the group's business competitiveness and corporate value."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.