The largest US tyre producer, Goodyear Tire & Rubber Company, said Thursday its profits had soared to 56 million dollars in the second quarter from 2 million a year earlier, according to dpa. The earnings amount to 26 cents per share up from 1 cent per share in the same period of 2006. The Akron, Ohio-based manufacturer said revenue rose 4 per cent to 4.9 billion dollars. Revenues in North America were down slightly to 2.3 billion dollars, but were up slightly in Europe to 1.3 billion dollars. The number of tyres sold in both markets decreased. For the first half of the year, Goodyear lost 118 million dollars, or 63 cents per share, versus a 76 million dollar profit, or 43 cents per share, in 2006.
