Bridgestone Corp. Net Income In 2008 Is 92 Percent Off

Tire maker Bridgestone Corp. says net income for 2008 fell 92% to 10.41 billion yen ($111.2 million), down from 131.63 billion yen in the preceding year. Bridgestone said it recorded a extraordinary loss of 58.5 million euros to settle a

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Tire maker Bridgestone Corp. says net income for 2008 fell 92% to 10.41 billion yen ($111.2 million), down from 131.63 billion yen in the preceding year. Bridgestone said it recorded a extraordinary loss of 58.5 million euros to settle a fine levied by European Union regulators for activities linked to the market for hoses used to load crude oil on tankers. Revenue fell 4.6% to 3.234 trillion yen from 3.390 trillion yen. Bridgestone forecast 2009 net income of 3 billion yen on sales of 2.530 trillion yen

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