RPG Group’s flagship company CEAT Ltd., a leading tyre manufacturer, continues its strong performance in its net sales over the same period last year.
CEAT reported a net profit of Rs240mn for the third quarter in the current financial year. PBT for third quarter this year stood at Rs331mn compared to a loss of Rs218mn during the third quarter last year.
Announcing the results, Paras K. Chowdhary, MD, CEAT Ltd. said, “Despite a steep hike in raw material prices, we have managed good numbers because of improved sales mix and operational efficiency. We are hopeful of posting our best ever results in the current year.”