Tire maker Bridgestone Australia Ltd. reports a 72.4% decline in 2006 net profit to A$2.8 million ($2.2 million) – down from prior-year’s A$10.3 million ($8.1 million) – and warns of another tough year ahead due to high raw material costs. Sales revenue of A$513.9 million ($405.7 million) fell 1.2% from 2005, largely attributable to reduced tire sales to local auto makers, the company says. While it maintained volumes with GM Holden Ltd., “tire sales to other local manufacturers have ...
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