Tyre maker Bridgestone Corporation expects to post a special group profit of about $US608 million in 2005 after it returns the proxy portion of its employee pension fund to the Japanese government, Reuters reported.
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The company reportedly said the extraordinary gains would total about $565 million for the parent company only, and be reflected in the business year starting January 2005.
In 2002, the latest period for which results are available, Bridgestone posted a net profit of $427 million, Reuters noted.
