Apollo Tyres’ net profit up 64% y/y to USD167.9 million in FY2013/14
Indian tiremaker has shifted focus to organic growth
Apollo Tyres has reported 64.1% y/y increase in net income to INR10 billion (USD167.9 million, 31 March 2014) in the financial year ended 31 March 2014 compared with INR6.1 billion (USD112.1, 31 March 2013) during the same period a year earlier, the company said in a regulatory filing.
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