TYRE and wheels distributor Stamford Tyres Corp reported second-quarter net profit of just S$19,000, a near 99 per cent year-on-year plunge from S$1.62 million in FY18, due to higher costs.

TYRE and wheels distributor Stamford Tyres Corp reported second-quarter net profit of just S$19,000, a near 99 per cent year-on-year plunge from S$1.62 million in FY18, due to higher costs.