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You are here: Home1 / News2 / Company News3 / Yokohama Rubber: Record sales, lower profit in Q1 2022

Yokohama Rubber: Record sales, lower profit in Q1 2022

Date: 13th May 2022 Author: Stephen Goodchild Comments: 0

Although the sales revenue of 185.6 billion yen (£1.2 billion) earned by the Yokohama Rubber Co., Ltd. in Q1 2022 was the highest figure it ever achieved in the January-to-March quarter and a 28.4 per cent improvement on the result attained a year earlier, the company nonetheless had little cause for celebration by the time rising costs and other complications were factored in. Profit attributable to owners of parent declined 63.5 per cent year-on-year in the first quarter of 2022 to 10.2 billion yen (£64.9 million). Operating profit was, at 13.7 billion yen (£87.1 million), down 62.7 per cent.

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Comments
Riccardo May 14, 2022
acquisition of Alliance by YRC resultued as a good choice ,complementing line-up of Yokohama with new products and adding market share,contributing to overall profits in a stable way.

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financial results, financials, Yokohama, Yokohama Rubber

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