Michelin’s 2016 net profit up 43.3% y/y to USD1.7 billion
Sales down 1.3% y/y
Michelin has reported a 43.3% year-over-year (y/y) growth in net income to EUR1.66 billion (USD1.7 billion as on 31 December 2016) for the fiscal year ended 31 December 2016, the French tire-maker said in a press release.
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