Tenneco , a parts supplier, recently released its financial report for 2013. The company’s operating income in the fourth quarter and the entire year of 2013 has hit a record high.
In the fourth quarter of 2014, Tenneco’s operating income reached US$2.031 billion, an increase of 15.86% from US$1.753 billion in the same period in 2012; the company’s net profit last quarter surged from US$33 million in the same period in 2012 to US$54 million. The year-on-year increase of 63.6%.
From the 2013 annual results, Tenneco's total operating revenue reached a total of 7.964 billion U.S. dollars, a record high, an increase of 8.2% from the 7.363 billion U.S. dollars in 2012; the cumulative net profit in 2013 reached 183 million U.S. dollars, 2012 The annual net profit was 275 million U.S. dollars, a year-on-year decline of 33.5%.
As of 2014, Tenneco expects that its accessory parts revenue will increase by 7% to 11% on the basis of 2013. As for the next five years, the company expects its business to benefit from increasingly stringent emission standards in various countries. Revenue will continue to grow significantly.
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