Goodyear Tires Sees a Soaring Net Profit by 113%

www.chinatrucks.com: On July 30, 2013, Goodyear Tires announced fiscal reports in Q2 and the first half year. It has gained considerable growth in terms of business profits in its four business areas in Q2. Also, the sales volume of tires maintains a rising trend in it three business areas.

In Q2, its operating income reaches 4.89 billion USD, down by 25.3% over last year’s 5.15 billion USD. The net profit, however, soars to 181 million USD from 85 million USD of last year, with a growth rate up by 113%. 

In Q2, the Asia-Pacific region contributes 585 million USD to its operating income, accounting for around 12%, but declining 2.5% compared with 600 million USD in Q2 2012. The net profit in this region maintains a steady growth, hitting 91 million USD, growing by 28% compared with 71 million USD in Q2 2012.

In the first half year, the overall sales performance still declines by 8.8% year on year, totaling 9.75 billion USD; and the net profit hits 206 million USD, soaring by 182% compared with 73 million USD in the first half of 2012.

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