Sumitomo's earnings up, but sales dip 13% in 2009

摘要

Sumitomo Rubber Industries Ltd reported a 12% rise in operating profits for the year ended December 31, 2009, despite a 12.8 % drop in sales. The di- vergent results—operating income up by US $ 307 million and sales down to $ 5.6 billion - boosted SRI's operating ratio more than full percentage points to 5.5 %. Net income was up ninefold to US$ 97.1 million.