Bridgestone NZ makes biggest profit in a decade in 2012, pays first dividend since 2007

Tue, 11 Jun 2013

By Paul McBeth June 11 (BusinessDesk) - Bridgestone New Zealand, the local unit of the world’s biggest tyre maker, had a decade-high profit last year, and paid its first dividend since 2007, in a year when consumer spending on cars and autoparts outpaced all other industries. Net profit surged to $10.2 million in calendar 2012 from $1.9 million a year earlier, according to financial statements lodged with the Companies Office. The 2011 result was impacted by a $5.7 million charge on the value of its Tony’s Tyre Service brand, which it bough...

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