Apollo Tyres’ net income drops 45% y/y to USD28.9 million in Q3 2014/15
Restructuring of South African business results in weak performance
Apollo Tyre’s net income has declined 45.4% year-on-year (y/y) to INR1.8 billion (USD28.9 million, 31 December 2014) in third quarter ended 31 December 2014, according to the company’s filing with the Bombay Stock Exchange (BSE).
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