Yokohama calculated operating profit
21 november 2012
The Japanese tire company Yokohama Rubber Co. has calculated its profit for the first three quarters of the current year and presented a detailed report on the work done in comparison with the first nine months of last year. The comparison is carried out in this way because Yokohama switched to the calendar principle of reporting only this year.
As the analysis showed, the company's profit grew from 140 to 220 million dollars, that is, almost by 183%. The total sales volumes also increased, but not so significantly - by 1.5%, to 4.95 billion dollars. According to forecasts, by the end of the current year, the net profit should be 380 million dollars, and sales volumes should be at the level of 7.23 billion dollars.
The company's statement notes that such success was achieved due to a clear analysis of prices in the automotive tire market, a halt in the growth of raw material costs, a reduction in costs, and an increase in sales. All this made it possible to neutralize the negative trend of the yen's exchange rate growth.
The operating profit of Yokohama's tire division compared to last year was 272 million dollars and grew by 247.3% compared to 2011. The main profit fell on the first nine months, so the comparison with the same period last year is more than correct.
As the analysis showed, the company's profit grew from 140 to 220 million dollars, that is, almost by 183%. The total sales volumes also increased, but not so significantly - by 1.5%, to 4.95 billion dollars. According to forecasts, by the end of the current year, the net profit should be 380 million dollars, and sales volumes should be at the level of 7.23 billion dollars.
The company's statement notes that such success was achieved due to a clear analysis of prices in the automotive tire market, a halt in the growth of raw material costs, a reduction in costs, and an increase in sales. All this made it possible to neutralize the negative trend of the yen's exchange rate growth.
The operating profit of Yokohama's tire division compared to last year was 272 million dollars and grew by 247.3% compared to 2011. The main profit fell on the first nine months, so the comparison with the same period last year is more than correct.