From Staff & Wire Reports
Bridgestone Corp. reported first quarter 2006 sales of $6.2 billion, up 17 percent compared to the same period in 2005, resulting in a 4 percent bump in quarterly net profits to $239 million.
The company said that strong global sales helped offset heavy increases in raw material costs.
Bridgestone said its tire sales in Japan rose 10 percent for the quarter, while sales in the U.S. increased 25 percent, and sales in Europe increased 13 percent. Sales elsewhere jumped 37 percent, Bridgestone said.
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