Second Quarter Figures From Bandag

Bandag has released its second quarter results. Net income was $11.7 million, a $2.

2 m (23 per cent) increase over Q2 2001. The cost of litigation with Michelin (now settled) in Q2 was $5.7 million, bringing the cost for the first six months to $9.

7 million. For the first half year, Bandag’s consolidated loss totalled $34.4 million.