MRF net declines 51% in June quarter

mrfTyre maker MRF  posted a 51 per cent decline in its net profit at Rs 61.59 crore for the quarter ended June 30, 2010 over the same period last fiscal.

The company had a net profit of Rs 125.70 crore in the corresponding quarter previous fiscal, MRF said in a filing to the Bombay Stock Exchange.

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