Apollo Tyres sales up 18 percent in 1st half

Gurgaon, Haryana, India — Apollo Tyres has published its results for the six months ended 30 September, 2005. The company reported sales for the period up 18 percent at Rs 12 008 million (Euro 221.5 million) from Rs 10 191 million a year earlier. Operating profit was up 20 percent from the same period last year, at Rs 1135 million (Euro 20.94 million), compared with Rs 94.6 a year earlier.

Commenting on the results, Onkar S Kanwar, Chairman & Managing Director, Apollo Tyres Ltd, said:…

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