BREAKING:

Stamford Tyres Corporation Limited reveals its latest performance results amidst a backdrop of global economic pressure and intense industry competition. The report highlights how the group is navigating these headwinds by refining its operational focus across its primary geographical markets.

• Uncover the strategies used to manage operational costs and maintain stability in a shifting global market

• Explore the group’s focus on its core South East Asian footprint to mitigate geopolitical and macroeconomic volatility

• Gain insights into a potential property transaction on the horizon that could impact future asset standing

WATCH THE EXPLAINER VIDEO BELOW:

LISTEN TO THE PODCAST BELOW:

BREAKING:

Stamford Tyres Corporation Limited's financial year saw modest revenue growth, primarily driven by stronger sales in its North Asia and South East Asia markets. However, despite this increase in top-line performance, the company experienced a significant decline in net profit. The challenging operating environment, characterised by intense competition and global events, continued to influence the Group's results.

• Explore how the company's sales expanded in its core geographical segments, contributing to an overall increase in total revenue
• Understand the reasons behind a notable decrease in profitability, including shifts in gross profit margins and the rise of certain operating expenses
• Discover how the Group's financial position evolved, with changes in key assets like inventories and receivables, and an increase in overall borrowings

There will be an AGM on

Event dates:

For more information, click here: STAMFORD TYRES CORPORATION LTD 2023 AGM