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Bridgestone operating profit expands 53%

February 18, 2014

TOKYO, Feb. 18 -- (Kyodo) _ Tire maker Bridgestone Corp. said Tuesday its group operating profit last year jumped 53.2 percent from the previous year to 438.13 billion yen as sales grew 17.4 percent to 3.57 trillion yen.

But group net profit was limited to 202.05 billion yen, up 17.7 percent, as the company booked special losses on a fine for a U.S. antitrust violation, a tire recall and a production realignment in Japan, the company said.

Bridgestone raised its dividend for 2013 to 57 yen per share from 32 yen in the previous year.

The company forecast that its group net profit in 2014 will expand 41.1 percent to 285 billion yen on 3.8 trillion yen in sales, up 6.5 percent. Dividend is projected to rise to 80 yen per share.

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Source: Japan Economic Newswire

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