ERJ staff report (DS)
Tokyo -- Bridgestone reported profits for the 12 months ended December 2009 in line with expectations, but down by 90 percent compared with 2008. On the other hand, it expects strong recovery in 2010.
Sales fell by 20 percent to Yen 2.597 million million (2.597 trillion) (euro 20 964 million) from Yen 3.234 trillion. The company was in profit, after a turbulent year. Net profits reached Yen 1040 million, down from yen 10 410 million a year earlier. The 2009 figure takes into account yen 10 600 million in restructuring costs.
Bridgestone expects 2010 to be a better year, with sales rising to yen 2.830 trillion and net profits to reach yen 45 000 million.
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Press release from Bridgestone
Bridgestone 2009 Group Net Profit Drops 90% To Y1.04 Billion EasyBourse (Japan)
Bridgestone sees profit recovery in 2010 Reuters (Japan)
Bridgestone Expects 40 Fold 2010 Profit Surge as Sales Rebound Business Week (Japan)