Apollo Tyres' net profit up 12% y/y to USD165 million in FY 2015/16
Higher import of truck and bus radial tires in Indian replacement market impacted Apollo’s sales
Apollo Tyres has reported 11.8% year-over-year (y/y) increase in net profit to INR10.9 billion (USD164.9 million, 31 March 2016) for the financial year (FY) ended 31 March 2016, the India-based tire-maker said in a press release.
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