Yokohama posts “highest-ever” sales and operating profit

Tokyo – Yokohama Rubber Co. Ltd has posted a 32.3% year-on-year rise in operating earnings to $242.6 million on first-half sales 1.8% higher at $2.85 billion, the company announced 10 Aug.

YRC cited raw materials, exchange rate differences and the price/mix factor as reasons for the earnings improvement. Combined, these offset negatives such as lower tire unit sales volume and higher fixed costs.

On the revenue side, YRC attributed the relatively low growth to reduced overseas replacement tire market sales, which were a reflection of a sales surge…

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