Nokian records static sales, profits in 2008, despite poor Q4

ERJ staff report (DS)

Nokian, Finland — Nokian Tyres plc has reported steady increases in sales and operating profit for the 12 months to December 2008, but sales were sharply down in the final quarter, which pushed the company to a loss for the three months.

For the full year, Nokian reportes sales up by 5.5 percent, to euro 1081 million from euro 1025 million. Operating profit rose to euro 257 million from euro 234 million while net profit fell to euro 140 million from…

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