CORRECTED - CORRECTED-Bridgestone cuts 2006 profit forecast by 35 pct

Newswire

Corrects RIC for Michelin in last paragraph to MICP.PA from MICH.PA TOKYO, June 27 (Reuters) - Bridgestone Corp. , Japan's biggest tyre maker, on Tuesday cut its annual profit forecast for the current year by 35 percent, saying the rising costs of rubber, oil and other raw materials would hurt more than expected. Bridgestone said it was now likely to make 65 billion yen ($561 million) in net profit for the year to Dec. 31, down from its February forecast of 100 billion yen. That ...

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