Seoul: Hankook and Company Co., the holding company of leading South Korean tire maker Hankook Tire and Technology, on Thursday reported its fourth-quarter net income of 48.2 billion won (US$32.9 million), up 542.7 percent from a year earlier.

According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating profit for the October-December period rose 149.8 percent on-year to 76.7 billion won. The company's sales for the quarter increased by 15.4 percent, reaching 343.3 billion won.