Yokohama Rubber Reports First Quarter Net Income of 1.6 billion yen
Yokohama Rubber Co., Ltd., has posted net income of 1.6 billion yen (£11.775 million; 14.160 million euros; US$18.455 million) in the first quarter compared with a net loss of 1.8 billion yen in the same period of the previous fiscal year. That result is for the three months from April to June, the first quarter of the company’s fiscal 2011 (1 April 2010 to 31 March 2011). Yokohama's net sales climbed 23.4 per cent over the same quarter of the previous fiscal year, to 117.4 billion yen.