PRESS RELEASE

DUNLOP RECORDS PROFIT
 

 Kolkata, 23 April 2010: Dunlop India Ltd registered an income of Rs. 179.19 crore for the year ending 31^st March 2010. In the meeting of its Board of Directors held at Kolkata on Thursday, the company reported a growth of Rs. 53 lakh in income. The total income for the corresponding period last year was Rs. 178.66 crores. The Net Profit for 2009-10 has been Rs. 1.27 crore, compared to Rs. 1.36 crore for the corresponding period last year.

Commenting on the results, Mr Pawan K Ruia, Chairman, Dunlop India Lt., said: “It is encouraging to note that we have been able to match last fiscal’s income despite both plants of the company (Sahaganj and Ambattur) remaining operational for a short period this year. The problems in Dunlop have largely been sorted out. I am happy that the embargo on the rights shares of Dunlop have been lifted and they are soon going to be back in trading.”

“The good times are back for Dunlop and we expect improved results in the months to come,” said Mr Ruia.