MRF reports lower profits on Increased sales for full year

ERJ staff report (DS)

Chennai, India — Indian tyre maker MRF Ltd has reported Its results for the full year and the quarter ended 30 September 2012.

The company said three-month sales amounted to Rs 29.9 billion and 12-month sales amounted to 118.7 billion (euro 1673 million), compared with Rs 97.432 billion a year earlier.

Profit (EBIT) for the 12-month period amounted to Rs 8330 million compared with Rs 11,412 million a year earlier

MRF said the decline in profits in the fourth quarter was due to currency…

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