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You are here: Home1 / News2 / Company News3 / Apollo Tyres: Stable sales in Europe, but profits further in the red

Apollo Tyres: Stable sales in Europe, but profits further in the red

Date: 5th November 2020 Author: Stephen Goodchild Comments: 0

Apollo Tyres had to accept a drop in its turnover and earnings in the half-year to 30 September 2020, with the notable exception of sales in Europe. The company’s global sales in the first half of its current April 2020 to March 2021 financial year were Rs 70.62 billion (£728.85 million), 13.9 per cent less than the sales it gained a year earlier. Net profit dropped 71.1 per cent year-on-year to Rs 650 million (£6.71 million).

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Apollo, Apollo Tyres, Apollo Vredestein, Enschede, financial results, financials, Hungary, Netherlands, Onkar Kanwar, Onkar S Kanwar

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