Competition Hits Bridgestone Australia Results

Bridgestone Australia reported a drop in net profit of over 20 per cent for the first half of the year, to A$ 4.16 million (2.4 m Euro), while turnover was up 3 per cent to A$ 262.

45 million (151.7 m Euro). Executive director of finance Andrew Moffatt blamed an increase of cheap, imported tyres for the fall in profits and Bridgestone is in negotiations with its workforce to increase productivity.