Bridgestone H1 Results Show Lower Profits
Bridgestone Corporation has released details of its consolidated business and financial results for the period January 1 to June 30, 2008, the first half of the current fiscal year. Overall net sales of 1,641.1 billion yen (£7.70 billion) were recorded during the six-month period, an increase of two per cent over the previous year. Operating income, at 83.6 billion yen (£392 million) showed an 18 per cent drop on the first half 2007 figures, and net income of 37.2 billion yen (£174.47 million) is 30 per cent down on the previous year’s result.