Good Figures From Alliance

Alliance Tire has reported a 6.6 per cent rise in turnover in 2003 to US$99.7 million.

Gross profits were $20.4 million (2002: $3.1 million) while the operating profit was $1.

23 million, following three years of losses, including a deficit of $14.9 million last year. Alliance’s net loss in 2003 was $13.

1 million, which is half the 2002 figure and largely attributable to currency differentials. President Joseph Anglister said that the company had achieved a major break-through in South America, with sales up 158 per cent. .