Goodyear India net profit falls 10%

The company had posted a net profit of Rs 22.49 crore in the corresponding period previous financial year.

Written by Agencies | New Delhi | Published: February 27, 2012 3:33 pm

Tyre maker Goodyear India today reported 9.69 per cent decline in net profit for the quarter ended December 31,2011,at Rs 20.31 crore.

The company had posted a net profit of Rs 22.49 crore in the corresponding period previous financial year,Goodyear India said in a filing to the BSE.

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,it added.

The company also said 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.

Shares of the company were trading 1.71 per cent down at Rs 331 apiece on the BSE during late afternoon.

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