The weaker yen promotes Bridgestone’s net profit growth in the first quarter
Bridgestone recently announced its financial report for the first quarter of 2013. Despite the continued weakness in the European market, the company's first quarter operating income and net profit continued to grow despite the weakening yen . In the first quarter of 2013, Bridgestone’s operating income reached 794.58 billion yen (approximately US$8.03 billion), an increase of 9.4% from 726.25 billion yen (approximately US$7.34 billion) in the same period of 2012; operating profit increased year-on-year. It reached 18%, reaching 74.45 billion yen (approximately 750 million U.S. dollars). Bridgestone’s first-quarter net profit reached 43.11 billion yen (approximately US$435 million), an increase of 2.2% compared to 42.2 billion yen (approximately US$426 million) in the same period of 2012. Diluted net profit per share The 53.9 yen (approximately US$0.54) in the same period in 2012 increased to 55.03 yen (approximately US$0.56). Forecast for the first half of 2013 and annual results: Bridgestone expects its operating revenue for the first half of 2013 to reach 1,690 billion yen (approximately US$17.07 billion), an increase of 13.5% over the same period of 2012; net profit will surge 39.5% year-on-year to 105 billion yen (approximately 10.6 One hundred million U.S. dollars). For the full year of 2013, Bridgestone expects its cumulative operating income will reach 3.550 trillion yen (approximately US$35.86 billion), an increase of 16.8% from the previous fiscal year; net profit will reach 235 billion yen (approximately 23.7 Billion US dollars), a 36.9% increase over the same period in 2012. Taian Longye Import And Export Trade Co.,ltd , https://www.longyedrillingrig.com