ERJ staff report (DS)
Bangalore, India - Indian roam rubber products maker MM Rubber has reported higher sales for the three months and 12 months ended March 2012, but reported a small loss in the most recent three months.
The company said it made an operating loss (pre-tax and exceptionals) of Rs 1.3 million (euro 18,600) on sales of Rs 50 million (euro 714,000) in the three months.
Fior the 12-month period, the company reported an operating profit of Rs 3.03 million on sales of Rs 205.5 million, up from profit of Rs 1.78 million on sales of Rs Rs 175 million a year earlier
MM Rubber makes high quality sleep products from latex foam in Bangalore, South India. It claims to be the largest manufacturer and market leader in the Indian sleep products market.
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Results statement from MM Rubber via BSE