Yokohama Rubber: Profit up 56% in Q1 2017

12th May 2017 | 0 Comments

Thanks largely to gains in its tyre business outside Japan and the first-time inclusion of Alliance Tire Group B.V. (ATG) in its consolidated results, Yokohama Rubber Co., Ltd. performed well in the first quarter of 2017. Net sales increased 14.2 per cent year-on-year to 147.7 billion yen (£1.0 billion), operating income was, at 9.1 billion yen (£61.8 million), 32.0 per cent higher than during the same period a year ago, and profit attributable to owners of parent was up 56.4 per cent to 5.7 billion yen (£38.7 million).

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