Kumho Tire-Q1 earnings

Kumho Tire shifts to profit in Q1

SEOUL, April 28 (Yonhap) -- Kumho Tire Co. on Friday reported its first-quarter net profit of 22 billion won (US$16.4 million), swinging from a loss of 6 billion won a year earlier.

The company said in a regulatory filing that operating income for the January-March period rose 9981.6 percent on-year to 53.8 billion won. Sales increased 34.8 percent to 996.1 billion won.

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