New Delhi, India - JK Tyre & Industries Ltd reported steady growth in sales and strong profit growth for the 12 months ended 30 Sept, 2007.
The company saw gross sales increase by 8 percent to Rs 31 928 million (€545 million), while pre-tax profit increased nearly five-fold to Rs 1004 million, giving a margin of just 3 percent.
The company said A Rs 4800 milion (€82 million) project to increase capacity for truck/bus radials and off-road tyres is now underway.
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Press release from JK Tyre & Industries