SEOUL, South Korea (Aug. 12, 2009)-Kumho Tire Co. Inc. reported a net loss of $76.5 million in the second quarter, the firm´s fourth straight quarterly loss, as sales fell 23.7 percent to $364.6 million, according to preliminary figures released recently.
The firm also was in the red on an operating basis during the period ended June 30 at $35 million.
For the first half, Kumho was $161.4 million in the red on 15.2-percent lower sales of $741.4 million.
Kumho did not comment on the results, posted on the firm´s Web site.