Bridgestone DriveGuard launch 2 600

Bridgestone half-year income down, sales up

Tokyo — Bridgestone Corp.’s operating income for the half-year fell 7.3%, despite 5.8% higher sales.

Bridgestone blamed increasing raw materials costs for the earnings decline over the first six months of this year.

Operating income fell to $1.8 billion while sales rose to $15.5 billion, lowering the operating ratio one and a half points to 11.6%. Net income rose 6.9% to $1.17 billion.

The tire division reported similar results — operating income down 6.7% to $1.65 billion on 6.4-percent higher sales of $12.8 billion.

Globally, unit sales of passenger/light…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with