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Monday, 27 February 2012

In net profit Goodyear India reports 9.69 percent decline for October-December quarter

The tyre maker Goodyear India has reported a 9.69 per cent decline in net profit for the quarter ended December 31 at Rs 20.31 crore. It was reported that the company had posted a net profit of Rs 22.49 crore in the corresponding period previous financial year.

The company mentioned that the total income during the quarter, however, increased by 15.98 per cent to Rs 395.17 crore from Rs 340.71 crore in the year-ago period. The company also announced that its board has recommended a dividend Rs 7 per equity share of a face value of Rs 10 each for the year ended December 31, 2011.

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