Leading tire maker Bridgestone Corp. said Wednesday that its net profit surged 46% year on year in the third quarter of this year, thanks to the drop in raw material costs.
The company posted net profits of JPY40.6 billion in the July-September period, up from JPY27.8 billion in the same quarter last year.
The Tokyo-based company expected a 67% surge in net profits to JPY172 billion in the fiscal year of 2012.
(Edited by Olivia, olivia@tireworld.com.cn)
