Michelin tyre manufacturers, said its profit last year increased by 7.5%, although in Europe trapped car market, and is expected to keep the quantity this year.
Michelin SA on Tuesday said in a statement, this is thanks to emerging market growth and high profit margin of the special tires.
Micheiln to ?2.147 billion euros ($2.875 billion) of sales, year-on-year growth of 5.8%, from 2.072 billion dollars, 2011 euros, but slightly lower than ?2.162 billion yuan from FactSet survey of analysts had predicted.
The company is headquartered in central France clay have FeiLang said, 2012 profit for 1.57 billion euros, year-on-year growth by last year's $1.46 billion euros.
Michelin said it is expected to "stable, 2013 volumes, in mature market is uncertain, but are still growing, under the new market environment.



Other News:
Michelin profits rise despite tough car market
Peugeot Citroen posts $6.7 billion loss for 2012
Obama urges Congress to make government work for ＂the many＂
Japan's Nikkei jumps on weaker yen
Courts upholds $28 million award in Skywalk case
Gunbattle rocks Gao after rebels surprise French, Malians
NASA Poised to Launch Powerful New Earth-Watching Satellite Monday
Los Angeles police get 600 clues in hunt for ex-cop wanted in killings