Bridgestone Releases 2006 Results
Bridgestone Corporation expects its profits to increase by almost six per cent this year due to improving sales in the U.S. and Europe. In a media statement, Bridgestone said that it projects net income to increase to 90 billion yen (£384 million) as sales rise 3 per cent, to 3.08 trillion yen (£13.2 billion). Net income in 2006 fell 53% to 85.1 billion yen (£364 million) on sales of 2.99 trillion yen (£12.8 billion), compared to a net income of 180.7 billion yen (£772 million) a year earlier.