Tire giant Michelin in the first half net profit rose nearly 60%

"Big tires," Michelin returned to profit in the first half of 2007, Michelin in the first half sales rose 4.7 percent to 8,400,000,000 euros (about 11,500,000,000 U.S. dollars), net profit grew 57.6 percent to 436,700,000 euros, operating profit margin Year-on-year growth of 2.2 percent to 10.2 billion euros.

Although the first half of this year prices of raw materials, raw materials led to Michelin in spending year-on-year growth of 5.2 percent, but Michelin is still unabated growth, which is on the market because of its truck tire in particular by increasing the demand for tires , Michelin aircraft tire product sales of high profit growth, on the other hand, because Michelin reduction in procurement and manufacturing costs to achieve significant results.

Michelin accounted for "half" of the tire business prior to 6 months sales increased 2.8 percent, amounting to 4,490,000,000 euros. In view of the sales in the first half of the sales force, is expected to Michelin for the whole year operating profit margin of up to 10.2 percent.