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DRC - Targeted 2017 PBT growth seems unachievable - AGM note

Company Research

27 Apr 2017

DRC’s AGM was smoothly run and all proposals were approved by shareholders. DRC guides for 2017 revenue and PBT growth rates of 7.2% and 9.3% vs 2016 on the back of a targeted 19.7% increase in radial tire sale volume to touch 276,000 units and targeted bias tires volume growth of 2.0%.
Tags: DRC

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