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DRC - Positive radial tire GPM holds - Earnings Flash

DRC’s 9M 2018 revenue and NPAT dropped 3.4% and 18.9%, respectively, vs 9M 2017. This was mainly driven by a plunge in sales of light truck bias (LTB) tires in Q1 2018, which was partially offset by high growth in sales across other product lines and improvement in profitability in the radial tire segment from Q2 2018.