From the financial report in FY 2017, Stamford Tyres Corporation Limited has reported a 213.6 percent year-on-year increase in net profit, which ended on 30th April 2017. For the comparision in between year 2015 and 2016, net profit by last year was boosted up 376.5 percent.
The profit accumalated S$8.1 million was accompanied by a gross margin of 26.2 percent, rose from 24.7 percent in 2016 and 22.1 percent in 2014. Total revenue for 2017 was S$235.8 million, 1.7 percent lower than the previous year. Revenue attained from the distribution of tyres and wheels accounted for 87.2 percent of total revenue while wheel manufacturing accounted for 12.8 percent