Michelin’s Second-Half ’05 Profit Jumps
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Revenue from heavy-truck tires last year rose 3.5% to about $6 billion, while automobile tire sales rose 3.9% to $10 billion.
ire maker Michelin’s second-half 2005 profit rose 74% to about $600 million from $340 million a year earlier, Bloomberg reported.
Michelin is the maker of Michelin, B.F. Goodrich, Uniroyal and Kleber tires.
The Paris-based company, which reports its earnings in Euros, also said its 2006 profit outlook matched last year’s, Bloomberg reported.
