Finland's Nokian Tyres posts loss in Q2, sees continuous uncertainty


  • World
  • Wednesday, 05 Aug 2020

HELSINKI, Aug. 4 (Xinhua) -- The Finland-based tyre manufacturer Nokian Tyres made a 22.8-million-euro (26.9-million-U.S. dollar) loss in the second quarter (Q2) of 2020, compared to the operating profit of 98.8 million euros in Q2 of 2019, said the company in its financial report on Tuesday.

Net sales of Nokian Tyres were 270.7 million euros in Q2, down from 415.7 million euros year-on-year in 2019, amounting to a 31.9-percent drop with comparable currencies, according to the report.

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