JK Tyre lifts sales & operating profit, net profit down

21st November 2016 | 0 Comments
 

In the second quarter of its current financial year – the three months to 30 September – JK Tyre & Industries increased its total income by 5.2 per cent year-on-year to Rs 20.7 billion (£245.7 million) and lifted operating profit by 22.1 per cent to Rs 3.2 billion (£38.0 million). Operating margin rose from 13.2 per cent in the corresponding quarter of last year to 15.3 per cent. Meanwhile, net profit declined 13.5 per cent year-on-year to Rs 1.0 billion (£11.9 million).

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