Doublestar suffers huge losses
Austin Diste; UnsplashAt the end of January, three Chinese tyre companies released their 2022 performance forecasts, which show that Aeolus and Linglong are in profit, but reveal huge losses at Doublestar.
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Yokohama Q1: Tires division enters loss, ATG remains profitable
YokohamaThe Yokohama Rubber Co. Ltd. posted a 258 million yen loss during the first quarter of 2020 compared with 9.1 billion yen in profit in the same period of the previous year. Meanwhile operating profit fell 90.4 per cent, to 1.2 billion yen. Sales revenue declined 13.6 per cent to 129.1 billion yen.
Cooper Tire reports 1Q2020 net loss of US$12 million, Europe and International segment bears the brunt
Cooper Tire & Rubber Company has reported a first quarter 2020 net loss of $12 million, compared with net income of $7 million in same period last year. Unit volume decreased 15.8 per cent compared to the first quarter of 2019. Net sales decreased 14.1 per cent to $532 million. Operating loss was $6 million, or 1.2 per cent of net sales, compared to operating profit of $26 million, or 4.3 per cent of net sales, in 2019.
Toyo reports 1H 2015 net loss
Publishing its first half 2015 financial results, Toyo Tire and Rubber has reported net sales of 194,402 million yen (£999.314 million; 1.408 billion euros; US$1.556 billion), an increase of 7,080 million yen or 3.8 per cent from the same period in 2014. This resulted in a net loss of 4,156 million yen (£21.365 million; 30.116 million; $33.268 million) compared with 15,269 million yen profit in the same part of 2014.
