Bridgestone’s H1 sales, income up

Bridgestone Corporation reports net sales of 1,459,125 million yen (£11.7 billion) for the six months to June 30, 2011, 5.3% higher than net sales for the first half of 2010.
Net income for the period was 54,115 million yen (£434.1 million), up 21.6% year-on-year. Operating income during the period was 93,629 million yen (£751.0 million) and ordinary income amounted to 91,880 million yen (£737.0 million).

21% rise in Michelin’s F1 net sales

Michelin’s financial results for the first half of 2011 (January-June) show stable operating income of 971,000 million for a 9.6% operating margin, with net sales up
21%. Operating income before non-recurring income and expenses rose to €535 million, compared with €497 million, though margins were slightly down to 10.2% of net sales, compared with 10.8% in first-half 2010. Net sales in the truck and related distribution segment amounted to €3,266 million, up 27.3% from first-half of 2010.

Goodyear posts highest quarterly sales

Goodyear Tire & Rubber registered a 24% year-on-year increase in sales to $5.6 billion in the second quarter of 2011, despite a 2% decline in unit sales, the highest quarterly sales the company has ever achieved in any quarter. Operating income during the second quarter amounted to $382 million, up $163 million from the year-ago quarter and a second quarter record. The second quarter net income came to $40 million, compared with $28 million in the 2010 quarter.
Apollo’s Q1 sales up 55% Apollo Tyres’ consolidated revenues for the first quarter of 2011(April-June) grew by an extremely positive 55%, with sales touching Rs 28.2 billion from Rs 18.2 billion in the same period last year. Operating profit was up by 20% at Rs 2.4 billion, from Rs 2 billion and net profit increased by 3.9% to Rs 771 million, from Rs 742 million.

Bridgestone Corporation reports net sales of 1,459,125 million yen (£11.7 billion) for the six months to June 30, 2011, 5.3% higher than net sales for the first half of 2010.
Net income for the period was 54,115 million yen (£434.1 million), up 21.6% year-on-year. Operating income during the period was 93,629 million yen (£751.0 million) and ordinary income amounted to 91,880 million yen (£737.0 million).

MRF has reported a net profit

MRF has reported a net profit of Rs 615.9 million for the quarter ended June 2010 (the company’s third quarter), compared with Rs 1,257 million in the corresponding quarter of last year. However, the company’s board has declared an interim dividend of Rs 3 a share.
Turnover was up at Rs 19,250 million, compared with Rs 14,380 million for the comparable quarter of last year. The company says the dip in net profit was caused by raw material prices, especially rubber.
For the nine months ended June, MRF achieved a turnover of Rs 53,550 million, compared with Rs 41,960 million in the same period last year.Net profit was Rs 2,760 million (Rs 1,560 million).