Casumina profits soar in 2009

ERJ staff report (DS)

Ho Chi Minh City, Vietnam -- Sales rose while profits soared in 2009 at Vietnamese tyre maker, Casumina.

The company said sales rose to Dong 2504 billion (euro 96.8 million) in the 12 months to December 2009, from dong 2152 billion a year earlier.

Operating profits rose even more strongly, to dong 328 billion (euro 12.67 million), from dong 4.66 billion a year earlier.

The company said it made 4 million bicycle tyres in 2009, down from 4.19 million in 2008. Production of motorcycle tyres was up, to 4.95 million, from 4.68 million, wile car tyre production rose to 807 000 from 682 000. The company made 20 million motorcycle tubes, up from 16.4 million a year earlier.

Total export value declined to US$57.2 million, from US$ 74.6 million in 2008

Casumina said it has been developing truck tyres with help from Continental AG, and has produced some prototypes which met the requirements of Continental.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Results commentary from Casumina

Above statement auto-translated into English from Vietnamese

Table of results from Casumina

Above statement auto-translated into English from Vietnamese