Quarter profit plummets at Stamford Tyres
Stamford Tyres has reported its unaudited quarter earnings for the period between 1 August and 31 October 2011, a quarter in which its after-tax profit dropped 80.5 per cent. The Singapore-based company’s after-tax profit amounted to S$330,000 (£149,500) in the second quarter of the 2012 financial year, as opposed to $1.69 million a year earlier.