Bridgestone '03 prft up, sees fire hurting in '04

Newswire

TOKYO, Feb 20 (Reuters) - Top Japanese tyre maker Bridgestone Corp said on Friday its full-year profit rose 95.5 percent but forecast a decline in 2004 as the strong yen, higher rubber costs and a fire-induced output cut threatened its bottom line. Group net profit for the year ended December 31 was 88.72 billion yen ($829.1 million), compared with 45.38 billion yen the year before. Recurring profit increased 13.1 percent to 167.30 billion yen. The results were better than Bridgestone's ...

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