Tag: Gajah Tunggal sales drop in first quarter

Gajah Tunggal sales drop in first quarter

Indonesian tyre maker Gajah Tunggal Tbk. suffered a 25-percent drop in pre-tax operating income for the quarter ended March 31 despite 5.3-percent higher sales. Gajah Tunggal cited higher sales, marketing and transportation costs and the differential between costs, which are…