Alliance's 1Q profit jumps 200%

Order Reprints

Alliance Tire Co.'s pre-tax profit during the first quarter of 2005 totaled $5.1 million, a 200% increase over the same period last year.

The Hadera, Israel-based specialty tiremaker's first quarter sales were $37.6 million versus $32.1 million during the first quarter of 2004, a 17.1% increase.

"Exports, which represent 78% of Alliance's sales, were also strong," say Alliance officials.

"We see a continued increase in demand for our tires," says Alliance President Joseph Anglister.

"Our first quarter profits are in step with our continuing growth, which has been the reward for our efforts to improve both our production effiency and marketing."

Related Articles

Accuride announces net gain in 1Q

How Chip Wood Built Tire Discounters’ Management Team

TBC Continues Good Deeds for Hospital Workers

You must login or register in order to post a comment.