Dunlop India makes a loss in Q1 on doubled sales

ERJ staff report (DS)

New Delhi, India -- Troubled tyre maker Dunlop India has posted a net loss of Rs 1.16 million (euro 18,000) for the three months ended 30 June, 2011. The company had reported a profit of Rs 8.21 million in the same period a year earlier.

Net sales for the period more than doubled to Rs 114 million (euro 1.77 million), compared with Rs 501.2 million a year earlier.

In its report to the stock market, Dunlop said there has been no production at its plant in Sahaganj in the quarter.

Separately, the company told the BSE stock exchange that Pawan Kumar Ruia ceased to be the Director of the Company, effective 10 August, 2011.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Stock market announcement (Q1 results) from Dunlop India

Stock market announcement (Pawan Ruia) from Dunlop India