(LEAD) Hankook Tire & Technology-Q3 earnings
(LEAD) Hankook Tire Q3 net jumps 33 pct on FX gains
(ATTN: RECASTS throughout with details)
SEOUL, Nov. 1 (Yonhap) -- Hankook Tire & Technology Co., the world's sixth-largest tiremaker by sales, said Monday its third-quarter net profit jumped 33 percent from a year earlier on foreign-exchange gains.
Net profit for the three months that ended in September rose to 188.96 billion won from 142.21 billion won in the year-ago period, the company said in a statement.
"The won's weakness against the dollar helped boost the bottom line," a company spokesman said by phone.
Operating profit fell 20 percent to 180.82 billion won in the third quarter from 224.75 billion won a year ago.
Reduced tire supplies to Hyundai Motor Co. and other carmakers drove down the quarterly operating profit as they suffered disrupted vehicle production due to global chip shortages.
Sales declined 3 percent to 1.829 trillion won from 1.886 trillion won.
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