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Sumitomo 2013 sales, earnings up

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KOBE, Japan (Feb. 18, 2014) — Sumitomo Rubber Industries Ltd. reported double-digit gains in operating and net income for fiscal 2013 on 9.9-percent higher sales.

The company’s operating earnings for the year rose 10.5 percent to $788.7 million while net income jumped 26.4 percent to $458.5 million. Sales revenue increased to $7.99 billion.

Sumitomo offered no commentary on the results, issued as a Flash Report on the firm’s website.

Business unit and geographical breakdowns were not disclosed at this time.

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Do you give any credence to news reports trying to link cancer in youth soccer players to crumb rubber used in artificial turf?

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