Apollo Tyres has confirmed improved sales and a significantly higher net profit during October to December 2020.
Consolidated sales during this period amounted to GBP 498 Million (SAR 1015 Million) which is 14 per cent higher than the same period in 2019 with net profit recorded at £ 44.5 Million (SAR 9072 Million ).
Apollo Chairman Onkar Kanwar says, “Our Apollo Tyres has reported improved sales and a significantly higher net profit in the three months from October to December 2020 which is the third quarter of the company’s financial year.
performance has been robust during the last quarter of 2020 – a year of immense challenges due to COVID 19 and we continue to be extremely positive for the future.
