Apollo tyres profit doubles in year to March

ERJ staff report (DS)

Gurgaon, Haryana, India — Apollo Tyres Ltd said consolidated revenues grew by 9 percent, while pre-tax profit more than doubled, to Rs 4053 million (Euro 63.1 Million) for the 12 months ended 31 March, 2008. Net profit increased by 125 percent, to Rs 2697 million compared to last year’s Rs 1171 million

Commenting on the results, Mr Onkar S Kanwar, Chairman & Managing Director, Apollo Tyres Ltd, said: “It’s been a year of consolidation and a year of planning which will…

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