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Amtel-Vredestein adjusts 2006 sales figures

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Amtel-Vredestein N.V.'s sales for 2006 have been adjusted to $817 million versus $823 million, which was previously reported by the company.

The re-adjustment was due to "cost of goods sold (that were) reclassified as inter-company transactions in the fourth quarter of 2006," according to Amtel officials.

Operating profits also were re-adjusted from $36 million to $33 million.

However, Amtel reports that it improved its cash flow to $13 million compared to a shortfall of $39 million during 2005.

The Russian tiremaker's passenger tire business is up some 30% over previous-year levels to $450 million.

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