APOLLO TYRES TREADS SMOOTHLY, POSTS Rs41-CR NET

Article Abstract:

Apollo Tyres Ltd has posted a net profit of Rs40.7 crore for the year ended March 31, 1998, and has maintained a dividend of 40 percent for the year. The company will absorb Rs1.2 crore towards tax on dividend. (gsh) --------------------------------------------------------- Financial Results: Apollo Tyres Ltd (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Total Revenue 1,365.2 1,413.7 --------------------------------------------------------- Gross Profit 83.9 61.9 --------------------------------------------------------- Net Profit 40.7 36.3 ---------------------------------------------------------

Comment:

Posts net profit of Rs40.7 crore for year ended 3/31/98 & maintains dividend of 40%

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998

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APOLLO TYRES NET DOWN 65.3%

Article Abstract:

Apollo Tyres has registered a decline of 65.3 percent in net profit to Rs20.21 crore for the nine months ended December 31, 1998 (Rs30.95 crore for the nine months ended December 31, 1997). Its net sales declined to Rs832.33 crore (Rs940.78 crore). Its gross profit has declined to Rs43.07 crore (Rs55.19 crore). It has posted a net profit of Rs5.28 crore, gross profit of Rs14.39 crore and a net sales of Rs297 crore for the quarter ended December 31, 1998. (rk)(m)

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999

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VIKRANT TYRES TURNS AROUND

Article Abstract:

Vikrant Tyres Limited (VTL), a part of JK Industries Limited (JKIL), has achieved a turnaround by posting a profit before tax of Rs18.13 crore in 1997-98 as compared to a net loss of Rs5.35 crore in 1996-97. The company's exports income has registered a 14 percent growth to Rs73.26 crore. VTL managed to post a profit of Rs16.46 crore within 10 months after it was acquired by JKIL on June 1, 1997. (gs)

Comment:

Achieves turnaround by posting profit before tax of Rs18.13 crore in 1997-98 vs net loss of Rs5.35 crore in 1996-97

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
Vikrant Tyres Ltd.

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Subjects list: India, Tires, Article, Apollo Tyres Ltd.
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