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Stamford Tyres’ 3Q earnings more than double to $2.3 mil

PC Lee
PC Lee3/10/2017 06:02 PM GMT+08  • 1 min read
Stamford Tyres’ 3Q earnings more than double to $2.3 mil
SINGAPORE (March 10): Stamford Tyres reported 3Q earnings more than doubled to $2.3 million from a year ago.
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SINGAPORE (March 10): Stamford Tyres reported 3Q earnings more than doubled to $2.3 million from a year ago.

Revenue for the three months ended June was $59.7 million, relatively flat from a year ago.

Gross profit was $15.4 million compared to $15.0 million a year ago as gross profit margin increased to 25.8% from 25.2% on lower cost of sales and contribution from value-added activities at its Stamford Tyres Mart retail chain and truck tyre centres.

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