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Home / Capital / Results

Stamford Tyres reports 94.2% plunge in 1Q earnings on lower revenue and margins

Results

Stamford Tyres reports 94.2% plunge in 1Q earnings on lower revenue and margins

Michelle Zhu Published on Tue, Sep 11, 2018 / 7:21 AM GMT+8

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SINGAPORE (Sept 11): Stamford Tyres reported earnings of $0.1 million for the 1QFY19 ended July, down 94.2% from $1.9 million in 1Q18 earnings due to lower revenue and gross profit margin, as well as share of losses from joint ventures.

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