Toyo Tire & Rubber Co. reported improved sales and earnings results for the first quarter of its 2010 fiscal year.
For the quarter – April 1-June 30 – Toyo posted overall net sales of US$ 775.93 million, up substantially from US$ 670.68 million in sales posted for the same period last fiscal year. Net income for the period came in at US$ 7.99 million US$ 28.17 million.