Bridgestone slashes financial forecast

ERJ staff report (TB)

Tokyo — Bridgestone Corp. said it now expects to report an 81.8-percent decline in consolidated net income for the fiscal year ending 31 Dec, 2008, because of the global financial crisis.

The company reduced its forecast for sales, operating income and profits from a prediction made Aug. 8. The tyre and rubber products maker now anticipates its sales will slide 5 percent for the year to Yen 3.25 million million (Euro 25 500 million), operating income will fall 23.9 percent to Yen…

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