Bridgestone Corp. said Friday it posted a consolidated net profit of 24.48 billion yen in the January-June period, marking a turnaround from the 30.57 billion yen loss it logged a year earlier.
The automobile tire maker said it benefited from active marketing through wider sales networks, as well as from reduced costs and enhanced productivity and distribution.
The firm attributed the consolidated loss it posted in the January-June period of 2001 to costs associated with the tire recall scandal involving its U.S. unit, Bridgestone/Firestone Inc.
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