Indonesian tire-makers report net losses during H1
In line with country's new vehicle market declining performance
Most Indonesian tire-makers have registered net losses for the first half of this year, according to a summary report from Indonesia Finance Today. PT Gajah Tunggal Tbk posted a 5.5% year-on-year (y/y) fall in its consolidated sales revenues to IDR6.19 trillion (USD456.8 million) for January–June on lower tire sales in local and export markets.
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