JK Tyre announces loss in Q4

ERJ staff report (DS)

New Delhi, India — JK Tyre & Industries Limited has said a loss in the fourth quarter, has brought its annual results down. The company has changed its financial year, so the current year comprises fifteen months to 31 December 2008, rather than the standard 12 months.

In the three months ended 31 December, the company reported sales up by 6 percent to Rs 8723 million (Euro 137 million), but the company said it made a pre-tax loss of Rs 368.3 million compared…

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