Kumho Tire swings to profits in Q4

SEOUL, Kumho Tire Co. on Tuesday reported its fourth-quarter net income of 89.1 billion won (US$67 million), swinging from a loss of 8 billion won a year earlier. The company said in a regulatory filing that it posted 149.5 billion won in operating profit for the quarter, compared with 18.4 billion won a year ago. Revenue rose 11.8 percent to 1.06 trillion won. Source: Yonhap News Agency