(BFW) Sumitomo Rubber Lifts Full-Year Forecasts After 1H Profits Jump

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BN 08/07 06:30 Sumitomo Rubber Reports Half-Year Group Earnings Results

Sumitomo Rubber Lifts Full-Year Forecasts After 1H Profits Jump
2014-08-07 06:35:38.292 GMT


By Kurt Schussler
Aug. 7 (Bloomberg) -- Raises full-yr net income target 4.3%
to 49b yen; analyst est. 47.8b yen.
* Increases oper. profit forecast 1.2% to 84b yen; est. 84.6b
yen (12 analysts)
* For 1H ended June 30:
* Net income +41% y/y to 21.8b yen; est. 19.5b yen (3
analysts)
* Oper. profit +18% to 35.1b yen; est. 36.1b yen (5
analysts)
* Sales +9.5% to 378.6b yen; est. 377.5b yen (4 analysts)
* Table


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To contact the reporter on this story:
Kurt Schussler in Tokyo at +81-3-3201-2089 or
kschussler1@bloomberg.net
To contact the editors responsible for this story:
Jan Dahinten at +65-6212-1164 or
jdahinten@bloomberg.net