Goodyear NZ narrows annual loss after shedding workers, exiting retailing

Tue, 10 Jun 2014

By Jonathan Underhill June 11 (BusinessDesk) - Goodyear & Dunlop Tyres (NZ), the New Zealand unit of the biggest US tyre maker, narrowed its full-year loss after exiting commercial tyre and retread operations, firing workers and selling its Beaurepaires retail stores. The company's annual accounts were again tagged by its auditors. The net loss narrowed to $1.68 million in calendar 2013, from a loss of $20 million a year earlier that included $10.4 million of restructuring costs, according to the company's annual report. Total revenue in...

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