Apollo Tyres predicts 18 percent sales growth

Apollo Tyres expects to continue its historical growth rate of sales increasing by 18 percent each year. The company reported a net profit of Rs 1200 million (€22.7 million) on gross sales of Rs 20,256 million (€384 million) for the 12 months ending March 2003. In a statement, Apollo Tyres said margins had been under pressure because of high natural rubber prices

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