ERJ staff report (DS)
Mumbai, India - Modi Rubber has published its results for the three months to 30 Sept 2011. The figures are unusual, following the sale of its tyre activities to Continental.
Modi repoted sales of zero and zero costs for raw materials. Due to other costs, mainly deferred sales tax from previous quarters, the company reported a pre-tax loss of Rs 400 million (5.9 million euro) in the period.
The company is changing its accounting year to end on 30 March, so the company is reporting total figures for the last 18 months.
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Financial results from Modi Rubber via BSE stock exchange