Stamford Tyres Reports Lower Attributable Profit in Fiscal H1

MT Newswires12-16

Stamford Tyres' (SGX:S29) profit attributable to equity holders declined 75% in fiscal H1 to SG$401,000 from SG$1.6 million a year earlier, according to a filing with the Singapore Exchange on Friday.

Earnings per share came in at SG$0.0017 compared to SG$0.0068 in the comparable period.

Revenue declined over 1% year over year to SG$97.0 million from SG$98.3 million in the year-ago period, mainly due to lower sales in South East Asian markets.

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