Cooper Tire's third-quarter revenue rose 10% year-on-year
Cooper Tire's third-quarter revenue rose 10% year-on-year, from $800 million in the same period in 2009 to $880 million. In the first nine months of 2010, Cooper Tire's tire revenue increased by 21.7% from the same period last year, from 2 billion US dollars in the same period in 2009 to 2.44 billion US dollars. Due to rising raw material prices, Cooper Tire's profit was affected. In the third quarter, Cooper's gross profit was US$128 million and its gross profit margin was 14.5%. In the same period of 2009, gross profit was US$140 million and its gross margin was 17.5%. In the first nine months of 2010, Cooper's gross profit rose from US$290 million (14.5%) in the same period in 2009 to US$310 million (12.6%). In the third quarter, Cooper Tire's operating profit fell from US$70.7 million (8.8%) in the same period of 2009 to US$67.1 million (7.6%), and net profit fell from 46.8 million in the same period in 2009 to US$44.6 million. In the first nine months of 2010, operating profit rose from US$ 95.9 million (4.5%) in the same period in 2009 to US$ 134 million (5.5%), and net profit rose from US$ 12.6 million in the same period in 2009 to US$ 100 million. Ribbon Cutting Machine,Piping Ribbon Cutting Machine,Knit Fabric Cutting Machine,Fabric Ribbon Cutting Machine Ngai Shing Development Limited , https://www.ngaishinghk.com