Nokian Tyres Q3 profit falls to Euro 16.9 million

Nokia, Finland — Finland’s Nokian Tyres has posted a pre-tax profit of Euro 16.9 million for the three months to September 2005, down from 29.3 million a year ago. Net sales rose to Euro 150.2 million from 141.2 million a year earlier.

For the nine-month period, sales rose by 13.7 percent, to Euro 445.6 million, while the net profit was up slightly at Euro 46.8 million from Euro 44.0 million.

“Heavy investments in Russia, the changes in Vianor’s business structure, winter tyre pre-sales in early 2005…

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