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You are here: Home1 / News2 / Product News3 / Titan International 1Q Results

Titan International 1Q Results

Date: 9th May 2003 Author: Tyrepress Editors Comments: 0

Titan International has reported its figures for the first quarter of the year. Sales were $129.0 million (1Q 2002: $123.

7 m), but the company’s net loss grew to $5.9 million, compared to $2.9 million.

This was blamed on increased raw material costs and increased employee benefit and insurance costs, which added over $4 million to expenditure in the quarter. NYSE Warns Titan To add to the increase in losses, Titan has been notified by the New York Stock Exchange that its common stock has fallen below the NYSE’s listing criteria relating to minimum share price. This requires that the stock must trade at a minimum average price of $1 over a 30-day period.

Related news:

  1. Titan International, Inc. 2003 year-end results
  2. Titan International Reports Favourable Results
  3. Titan Releases 2004 4Q Results
  4. Titan Purchase Committee Member Named
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