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JK Tyre’s Q3 net profit down 58.9% y/y to USD1.5 million

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Financial results

Revenue is down 19.4% y/y

JK Tyre has reported a decline of 58.9% year-on-year (y/y) in net profit to INR109.5 million (USD1.5 million) for the third quarter ended 31 December 2019, the Indian tire-maker said in a regulatory filing on 30 January.

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