Goodyear India Q4 profit grows 71% to Rs 27.60 cr

Tyre maker Goodyear India today reported 71.3 per cent jump in net profit to Rs 27.60 crore for the quarter ended on December 31, 2013.
The company had posted a net profit of Rs 16.11 crore in the corresponding period last fiscal, Goodyear India said in a filing to the BSE.
Net sales during the October-December quarter increased to Rs 404.83 crore, from Rs 382.35 crore in the same quarter last fiscal.
For the year 2013, Goodyear India net profit was Rs 94.07 crore as against Rs 56.32 crore in the previous fiscal.
Net sales grew to Rs 1,568.72 crore in 2013 from Rs 1,481.29 crore in 2012 fiscal.

Meanwhile, in a separate filing the company said its board has recommended a dividend of Rs 9 per equity share of face value Rs 10 each for the year ended December 31, 2013.
Shares of the company closed at Rs 378.95 on the BSE yesterday.