Kinugawa Rubber posts healthy 9-month results

ERJ staff report (DS)

Tokyo — Kinugawa Rubber has posted healthy results for the nine months ended December 2008. Nevertheless, the company warns of difficult times ahead.

The company reported sales up by around 4.5 percent to Yen 50 073 million (Euro 430 million), while operating profits surged to Yen2669 million (euro 22.9 million) from Yen 1462 million a year ago. Net profit stood at yen 1513 million, more than double the yen 618 million recorded a year ago.

In the most recent quarter, the company…

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