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Article: INDIA'S APOLLO TYRES SEES QUARTERLY NET PROFIT DROP 38.5%.
- Article from:
- AsiaPulse News
- Article date:
- February 2, 2004
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NEW DELHI, Feb 2 Asia Pulse - Apollo Tyres (BSE:APLO) on Wednesday reported a 38.5 per cent drop in net profit for the quarter ended December 2003 at Rs 156.4 million (US$3.4 million), as compared to Rs 254.7 million a year earlier.
Net sales, however, rose by 11.2 per cent to Rs 5720 million from Rs 5140 million last year, a company statement said.
For the nine months ended December 2003, net profit slipped by 30.6 per cent to ...