Hankook & Company Co. on Friday reported its first-quarter net income of 32.7 billion won (US$24.5 million), down 22.1 percent from a year earlier.

The company said in a regulatory filing that it posted 32.9 billion won in operating profit for the quarter, compared with 44 billion won a year ago. Revenue fell 14.8 percent to 229.8 billion won.

Source: Yonhap News Agency