• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Product News3 / Bridgestone First Half Results Confirm Four Pence Dividend

Bridgestone First Half Results Confirm Four Pence Dividend

Date: 10th August 2004 Author: Tyrepress Editors Comments: 0

Bridgestone Corporation has announced its first half results showing increased sales figures almost across the board.

In the first six months, Bridgestone saw tyre sales rise by 4 per cent to £4.5 billion, compared with the same period last year. The company reports that this increase was mainly due to the strength of demand in markets outside Japan. Operating income in the tyre segment increased 34 per cent, to a total of £370 million. The increase came in spite of rising raw material prices.

Tyre exports declined, but Japanese domestic sales of original equipment and replacement tyres increased.

In the Americas, sales increased two per cent over the same period from the previous year and operating income climbed 593 per cent to £78 million. Sales of passenger car, light truck and truck and bus tyres all increased.

In Europe, sales increased 10 per cent over the same period of the previous year, to £786 million. Operating income in the continent increased by nearly a third to £43 million. The company also posted sales increases in passenger car tyres and in the replacement market.

At their meeting on 10 August, 2004, the board of directors declared interim dividends of just under four pence, adding that payments were to begin on 1 September, 2004.

The management expects the business environment to remain challenging throughout the remainder of the financial year. Having said that, the management also expects that the company’s overall tyre unit to increase in 2004. They predict that Japanese unit exports will decline, partly because of production limitations.

In the Americas, management predicts demand for tyres in 2004 to remain strong.
Furthermore they look forward to increased unit tyre sales in the Americas. The management also expects its full year dividends to total eight pence a share.

Related news:

  1. Bridgestone Corporation Reports Sales and Earnings for Fiscal 2003
  2. Amtel Expand Profits 64 per cent
  3. Bridgestone’s First Quarter Net Profits Down 18.4%
  4. Earnings Down Sharply at Yokohama Rubber
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

Bridgestone, car tyres, company reports, financials, Japan, prices

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Marcus Grönholm is back in WRC Yokohama Results for First Quarter
Scroll to top