ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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GOODYEAR INDIA-Increased Competition

Increased Competition GOODYEAR INDIA, a subsidiary of US- bated tyre giant, Goodyear Tire and Rubber Company, performed well during the year ended December 31,1997, While net sales and value of production were higher by 3.9 per cent and 3.7 per cent, respectively, the company's operating profit rose by 7.3 per cent A steep increase in depreciation provision (up 30.8 percent) was partly offset by the fall in tax provision (down 12.1 percent). With the rise in interest charges being restricted to 5.3 percent, the company posted a 24.8 per cent improvement in its bottomline.

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