Strong Results From Stomil
Polish tyre maker Stomil Olsztyn, a member of the Michelin group, reported a fourfold increase in net profits for 2002. Shares in the company rose by 3.8 per cent to reach their highest level since 1997.
This was in contrast to the overall stock market performance, which fell 1.3 per cent. Stomil’s performance also boosted the share price of Goodyear-owned Debica, which closed up 3.