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Bridgestone Sees Quarter Profits Jump 4%

(Akron/Tire Review) Bridgestone Corp. reported first quarter 2006 sales of $6.2 billion, up 17% compared to the same period in 2005, resulting in a 4% bump in quarterly net profits to $239 million.

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The company said that strong global sales helped offset heavy increases in raw material costs.

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Bridgestone said its tire sales in Japan rose 10% for the quarter, while sales in the U.S. increased 25%, and sales in Europe increased 13%. Sales elsewhere jumped 37%, Bridgestone said.

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