Net Earnings From Bridgestone Decline Sharply
Bridgestone has announced a sharp decline in net earnings for the first half of this year, which were US$ 178 m. The reason for the decline is the voluntary tyre recall in North America. Sales were down 4.8%, reaching US$ 9.35 for the first half year. The decline in the tyre sector was 5.9% and that in the non-tyre sector was only 1%. Operating profit fell by 7.6% to US$ 890 m. Interestingly, operating profit in the most profitable country, Japan, climbed once more, but operating profits in the Americas and Europe were well down.