Apollo sales up, profits slip for 2018 fiscal year

Gurgaon, India – Apollo Tyres Ltd has seen its operating profit decline for its full fiscal year 2018, ended 31 March, despite a strong final quarter performance.

In marked contrast with other leading tire makers, the Indian company posted a 22% year-on-year increase in sales for the three months to the end of March, at Rs 3982 crores (€504.7 million).

During the same period, the company reported an operating profit of…

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