Bridgestone: Operating profit down 3.1% in Q1 2018

14th May 2018 | 0 Comments

Although its sales rose 0.9 per cent to 859.8 billion yen (£5.8 billion) in the first quarter of 2018, Bridgestone Corporation experienced a 3.1 per cent decline in operating income, to 99.8 billion yen (£673.5 million). The company attributes this to raw material costs and higher selling, general and administrative costs. The operating margin shrank half a percentage point to 11.6 per cent. Ordinary income amounted to 92.7 billion yen (£625.6 million) and profit attributable to owners of parent was 63.4 billion yen (£427.9 million).

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Category: Company News