The profit of the company up to the taxation in January-March, 2006 has decreased to 10,1 million euro ($12,8 million) from 13,7 million euro one year ago. Analysts, on the average, expected profit of the company at a level of 10,6 million euro.
The company, being one of the most profitable manufacturers of trunks owing to manufacture of expensive models of winter rubber, expects growth of profit in 2006 in comparison with 2005 and higher sales.
Sales of «Nokian» for I quarter have grown on 15% in comparison with the similar period of 2005 up to 149,4 million euro. «Sales in the first quarter, basically, concerned years rubber and production made under the contract that has poured out in decrease in the average prices in comparison with the similar period of the past year «, — is spoken in Kim Gran’s application, the head of «Nokian Renkaat».
He also has added that manufacture and sales of the Russian enterprise of the company, as well as was planned, have grown. Growth of sales in I quarter in Russia and other countries of region has made 35%. Source: liga.net |
