Alliance Q2 results show strong profit growth

Hadera, Israel — Israel-based Alliance Tire continues to present improvement in its financial results, reporting record sales for the second quarter of 2005. Second quarter sales amounted to US$40.9 million compared to US$31.5 million in the same quarter of 2004, a growth of 29.7 percent.

Total export for the second quarter of 2005 increased at 36.2% to US$ 32.5 million compared to US$ 23.8 million in the first quarter of 2004.

Net income in the second quarter of 2005 grew 278% and amounted to US$4.6 million, compared…

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