Kesoram Industries Rords Drop in Net Profit
Indian tyre manufacturer, Kesoram Industries has carded a 63.55 per cent reduction in net profit over the final quarter of 2008, finishing at 391.5 million rupees (5.8 million pounds sterling). The company has declared a suspension of work between 17 and 31 January to deal with the general market stagnation, an action first taken between 17 and 31 December , 2008, reports India’s Business Standard.
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