Bridgestone half-year income down, sales up

Tokyo — Bridgestone Corp.’s operating income for the half-year fell 7.3%, despite 5.8% higher sales.

Bridgestone blamed increasing raw materials costs for the earnings decline over the first six months of this year.

Operating income fell to $1.8 billion while sales rose to $15.5 billion, lowering the operating ratio one and a half points to 11.6%. Net income rose 6.9% to $1.17 billion.

The tire division reported similar results — operating income down 6.7% to $1.65 billion on 6.4-percent higher sales of $12.8 billion.

Globally, unit sales of passenger/light…

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