Bridgestone earns less in Q2 2017

In the second quarter of the current financial year, Bridgestone was able to increase its turnover, however its profit figures took a tumble. The tyre maker reports a six per cent rise in net sales to 891 billion yen (£6.3 billion) in the three months to 30 June 2017. Operating profit declined seven per cent to 99 billion yen (£695.7 million), with the operating margin contracting by 1.6 percentage points to 11.1 per cent. Net profit decreased by eight per cent, also to 99 billion yen.

The EMEA regional market achieved net sales of 136 billion yen (£955.7 million) in Q2 2017 and operating profit of 300 million yen (£2.1 million); this represents a regional operating margin of 0.3 per cent.

Further information about Bridgestone’s Q2 2017 results can be found in the Tyrepress.com company profiles and reports section.