Tire's third quarter net profit of 34.94 million yuan fell 64% year-on-year

Tire Tire disclosed its quarterly report on October 24, 2010. The company's net profit in the third quarter fell by 64% year-on-year.

In the third quarter of 2010, the company realized operating income of 1.68 billion yuan, an increase of 29.47% year-on-year; net profit of 34.9376 million yuan, a year-on-year decrease of 63.61%; earnings per share of 0.14 yuan, a year-on-year decrease of 63.16%.

From January to September, the company’s operating income was 4.485 billion yuan, a year-on-year increase of 33.26%; net profit was 111 million yuan, an increase of 46.76% year-on-year; earnings per share was 0.44 yuan, a year-on-year decrease of 46.34%.

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