Ceat posts loss of 16 crore in 2008-09

Wednesday, 29 April 2009, 12:00 Hrs
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New Delhi:Tyre maker Ceat Ltd Wednesday reported a loss of 16.12 crore for the year ended March 31, 2009, even as the company's total income rose by a marginal 8 percent from the year before.

In 2007-08, the company had posted a net profit of 148 crore.

The total income of Ceat stood at 2,555 crore last fiscal, marginally up from 2,352 crore the year before, the company said in a regulatory statement.

For the January-March quarter, Ceat's total income fell 3 percent to 631 crore from 652 crore in the like period of the previous fiscal.

The net profit during the quarter dropped sharply by 41 percent to 45 crore from 76.9 crore a year ago.
Source: IANS
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