Bridgestone said it returned to profit in the first half of the year to June and has upgraded its full-year forecast due to growing demand for vehicles worldwide.

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The company posted a net profit of JPY44.5bn (US$517m) for the six months, reversing the net loss of JPY38.3bn (US$450m) a year earlier on sales of JPY1.39 trillion, up 15%.

Bridgestone added that tyre sales increased significantly in Europe, Japan and the US. It revised upward its net profit forecast to JPY91bn (US$1.06bn) from an earlier estimate of JPY77bn (US$900m) due to cost cutting and lower prices of raw materials.

 

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