London - Another slew of companies have released their results for the third quarter of 2007.
Bridgestone said net sales for the nine months to 30 Sept increased by 14 percent to ¥2 466 700 million (€14 803 million) compared with ¥2 163 000 million in the first nine months of 2006. Operating income rose 32 percent to ¥162 800 million from ¥123 700 million, while net income rose 64 percent to ¥82 300 million.
Nokian Tyres plc said net sales for the nine-month period were up by 25.2 percent to €668.6 million compared with €533.9 million) a year ago. Operatig profit grew strongly, rising to €140.8 million from €85.6 million a year ago, while net profit almost doubled, to €107.5 million compared with €59.3 million in the same period last year. at
Showa Denko KK, the Japanese synthetic rubber maker posted a 1.4 percent increase in operating income over the same period of 2006, to ¥52 408 million (€314 million), on net sales up 11.6 percent, to ¥743,985 million. Ordinary income fell 11.4 percent, to ¥39 134 million, and net income of the period was down 16.0 percent, to ¥21 008 million. The company said "Sales of acrylonitrile and Shoprene chloroprene rubber increased."
Automotive supplier Tenneco said sales were up by 39 percent in the third quarter, driven by North America diesel launches. EBIT (earnings before interest, taxes and minority interest) was $57 million (€39.4 million), a 31% increase over $43 million a year ago. Adjusted EBIT was $65 million, versus $50 million in third quarter 2006. Strong OE volumes in North America from new diesel platform launches and growth in China drove the improvement.
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Q3 Press release from Bridgestone
Q3 Press release from Nokian Tyres
Q3 Press release from Showa Denko
Q3 Press release from Tenneco