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Finland's Nokian Tyres reports Q2 operating profit
Finland's Nokian Tyres posted an operating profit of 9.5 million euros ($10.57 million) in the second quarter. The second-quarter earnings compared to a year-earlier profit of 46.9 million euros.
Nokian Tyres profit tumbles amid Russian exit, shares fall Nokian Tyres reported a sharp fall in operating profit for the second quarter. The company said it expected the second half of the year to be stronger than the first. The exit from Russia has led to Nokian losing 80% of its annual passenger car tyre production.
Finland's Nokian Tyres reports Q2 operating profit Nokian Tyres posted an operating profit of 9.5 million euros ($10.57 million) in the second quarter to end June. The second-quarter earnings compared to a year-earlier profit of 46.9 million euros.
Remaining Western firms face tricky Russian exits Finland's Nokian Tyres was on the cusp late last year of finalising a 400-million-euro sale of its Russian business. Then Moscow changed the rules again. The government demanded that companies leaving Russia sell their operations for at least half price and claimed 10% of the sale for the federal budget.
Analysis-Remaining Western firms face tricky Russian exits Finland's Nokian Tyres was on the cusp late last year of finalising a 400-million-euro sale of its Russian business. Then Moscow changed the rules again. The government in December demanded that companies leaving Russia sell their operations for at least half price.
Analysis: Remaining Western firms face tricky Russian exits Finland's Nokian Tyres (TYRES.HE) was on the cusp late last year of finalising a 400-million-euro sale of its Russian business. Moscow changed the rules again.
Nokian Tyres Q1 loss bigger than expected, eyes return to profit Finnish tyre maker's January-March operating result fell to a loss of 18.8 million euros. Nokian last year lost 80% of its annual passenger car tyre production in Russia. Finnish company later sold its Russian factory and other business to PJSC Tatneft.
Finland's Nokian Tyres completes sale of Russian business Finnish tyre maker Nokian Tyres said it has completed the sale of its Russian business to Russian oil company PJSC Tatneft. The sales price approved by the Russian commission was 286 million euros.
River Market Holds Opening Day of 2023 Season Nokian Tyres breaks ground on new Dayton warehouse. Great Adult Egg Hunt returns to Chattanooga. UTC & Chattanooga State sign Dual Admission Agreement.
Nokian Tyres says sale of its Russia business could come at lower price Nokian Tyres last year said it would sell the Russian tyre making business in response to the war in Ukraine. Price approved by the Russian commission corresponds to 286 million euros.
Nokian Tyres receives 285 mln euros for sale of Russia operations Finland's Nokian Tyres said on Thursday Russian energy and petrochemical company PJSC Tatneft (TATN.MM) had paid it 285 million euros ($302.30 million) for its operations in Russia. The company said earlier this week that Russia's Governmental Commission on Monitoring Foreign Investment had approved the sale.
Nokian Tyres says sale of its Russia business could... Nokian Tyres says sale of its Russia business could come at lower price. Finnish group last year said it would sell the Russian tyre making business in response to the war in Ukraine.
Nokian Tyres says sale of its Russia business could come at lower price Nokian Tyres last year said it would sell the Russian tyre making business in response to the war in Ukraine. The price approved by the Russian commission corresponds to 286 million euros.
Russia exit pushes Nokian Tyres to surprise Q4 loss,... Nokian agreed in October to sell the Russian plant where it made 80% of its passenger car tyres. It has not been able to sufficiently ramp up production elsewhere. The company's shares were 11% lower on the Helsinki stock exchange following the earnings report.
Russia exit pushes Nokian Tyres to surprise Q4 loss, shares drop 11% Nokian Tyres reported an operating loss of 13.5 million euros in the fourth quarter. The company agreed in October to sell the Russian plant where it made 80% of its passenger car tyres.
Finland's Nokian Tyres Q4 drops to surprise loss Nokian Tyres posts surprise fourth-quarter operating loss due to lower passenger car tyre supply volumes. The tyre maker, which is divesting its Russian plant, said it made an operating loss of 13.5 million euros.
Chambliss Center for Children 11th Annual Mardi Gras Gala Nokian Tyres in Dayton, Tennessee aims to double its tire production capabilities with a $174.1 million expansion. Southern Adventist University is talking about their longstanding tradition of almost 30 years to give back to the community.
Governor Lee, Commissioner McWhorter Announce In-N-Out Burger to Expand to Tennessee with Office in Franklin, Future Restaurants Global tire manufacturer to invest $174 million in expansion, create an additional 75 new jobs at Dayton facility. Nokian Tyres opened its first U.S. factory in Dayton in 2019. Board of Parole January meeting to be held in Nashville.
Upper Cumberland Labor Force Participation Rate below average Spectrum launches gigabit broadband in Cumberland County. Nokian Tyres will create 75 new jobs at its Dayton, Tennessee factory. Cumberland Wellness has officially opened in Cookeville.
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