Yokohama revises profit forecast upwards

ERJ staff report (DS)

Tokyo-The Yokohama Rubber Co., Ltd. said its losses in the 12 months to March 31, 2009, will be smaller than the projections announced a month ago. Management now projects consolidated operating income of 13.0 billion yen (Euro 103 million), down 60.7% from the previous fiscal year; and a consolidated net loss of 5.5 billion yen (euro 44 million), down from a consolidated net profit of 21.1 billion yen in the previous fiscal year; on consolidated net sales of 517.0 billion (euro…

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