Bridgestone reports higher sales and profit for Q2

ERJ staff report (DS)

Tokyo - Bridgestone Corp. has reported a 40 percent increase in profits on a 2 percent increase in sales for the six months to 30 June 2012.

The company said net sales for the six months increased to yen 1489 billion (euro 15,300 million) from yen 1459 billion In the same period 2011. Bridgestone said operating Income of yen 133.8 billion, up from yen 93.6 billion a year ago. Ordinary and net income also rose by around 40 percent on the same period a year ago.

Sales in the tyre segment rose by 1 percent to yen 1237 billion from yen 1221 billion. Operating income rose by 33 percent to yen 119.6 billion from yen 90 billion.

In the non-tyre segment, sales rose by 6 percent to yen 260 billion while operating income jumped by over two and a half times, to yen 14.0 billion frm yen 3.8 billion a year ago.

Bridgestone said unit sales of tyres followed trends around the world - down sharply in Europe and up strongly in Asia -- but in mining tyres, unit sales increased substantially following increased capacity for these products

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Press release from Bridgestone