S'tomo Rubber to miss net profit forecast-source

Newswire

TOKYO, Dec 26 (Reuters) - Sumitomo Rubber Industries Ltd will miss its net profit forecast for 2002 due to an appraisal loss on its shareholdings in Goodyear Tire & Rubber Co , a source at Japan's third-largest tyremaker said on Thursday. Sumitomo will post a group net profit of between 6.0 to 7.0 billion yen for the year to December 2002, missing its August forecast of 8.0 billion yen, a company official told Reuters. "We haven't made this public, but we will be unable to meet our ...

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