HADERA, Israel (April 8)—Israeli tire manufacturer Alliance Tire Co. Ltd. is in the black after four years of net losses.
The company reported net profits of $900 000 for the 12 months ended in December 2004, compared with a net loss of $13.1 million a year earlier. Operating profits rose to $9.5 million and profits to $31.1 million.
Revenues increased 29.7 percent to $129.3 million, the company reported. Domestic sales grew 7 percent to $31 million, and overseas sales climbed 39 percent to $98.3 million.