UPDATE 1-Bridgestone sees 2008 profit sinking as costs spike

Newswire

(Adds details, CEO comments) By Chang-Ran Kim, Asia auto correspondent TOKYO, Feb 19 (Reuters) - Top Japanese tyre maker Bridgestone Corp forecast on Tuesday a sharp drop in profits this year due to soaring raw materials prices, after healthy sales and a weaker yen drove earnings above expectations in 2007. Bridgestone, which vies with France's Michelin for the top spot in the global tyre market, has a goal of lifting operating profit by 60 percent in 2012 compared with last year, ...

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