Cooper maintains net income on lower sales

摘要

FINDLAY, Ohio-Cooper Tire & Rubber Co.'s net income of $212.8 million for 2015 was on par with the previous year, despite a 13.2-percent drop in sales to $2.97 billion. Findlay-based Cooper reported an operating profit of $354 million, an 18-percent increase over 2014. The tire maker noted that the 2014 results included a gain of $56 million net of tax from the sale of the company's former Cooper Chengshan Tire (CCT) joint venture in China in the fourth quarter of 2014.