Apollo sales jump 63 percent in year to March

Gurgaon, Haryana, India – Apollo Tyres has reported net sales of of Rs 42 900 million (€765.5 million) or just over $1000 milllion for the 12 months to 31 March, 2007. This is a 63 percent increase on last year’s figure of Rs 26 300 million.

Operating profit increased by a similar percentage, to Rs 4000 million (€71.4 million), from Rs 2300 million a year earlier, meaning that operating margin increased slightly to 9.3 pecent, compared with 8.75 percent a year ago.

The increase in…

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