Bridgestone expects 2004 profits to be down 17 percent

Tokyo–Bridgestone Corp reportedly expects consolidated full-year pre-tax profits for the 12 months to December 2004, to be down about 17 percent (Â¥150 000 million or €1000 million). The company is reported to have said the fall could be attributed to higher prices of raw materials.

The company reportedly said sales would be up 4 percent to around ¥2.5 million million, thanks to higher sales in Asia and especially China.

The article, which did not identify any source, said Bridgestone, “sees no choice but to…

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