MUMBAI, India (Jan. 25, 2010)—Ceat Ltd. returned to profitability on strong sales in its third quarter, ended Dec. 31.
The Indian tire-making arm of RPG Group, Ceat said net sales for the period reached $159.9 million, 30 percent higher than a year earlier. The company had net profits of about $6 million, reversing a loss in the same period of 2008.