Titan International 2002 Results

Titan International has reported its 2002 financial results. Turnover for the year was $462.8 million (2001: $457.

5 m), while operating results showed a loss of $14.1 million (2001 loss: $33.5 m).

The net loss was $35.9 million for the year (2001 loss: 34.8 m) and this figure includes two investment losses, totalling $12.

4 million. Titan’s President and CEO Maurice Taylor Jr., pointed to the improvement in operating results as evidence that Titan’s quest to rebound are proving successful and he paid tribute to the company’s workforce for their efforts.