From January to March, Kenda Tire were affected by increased operating costs, reduced operating profits and increased foreign exchange losses.The losses after tax amounted to 5 million 900 thousand dollars.
On May 28th, Kenda Tire was integrated into its financial assets and business base. The company, STARCO LANKA, in Sri Lanka is sold to Sundaram, the company in India for sale at a price of $1 million 880 thousand.
Kenda Tire said the sale of the company can help reduce costs and enhance the competitiveness of the global market.
From January to March, Kenda Tire were affected by increased operating costs, reduced operating profits and increased foreign exchange losses.The losses after tax amounted to 5 million 900 thousand dollars.
From January to March, Kenda Tire were affected by increased operating costs, reduced operating profits and increased foreign exchange losses.The losses after tax amounted to 5 million 900 thousand dollars.
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