JAPAN: Mazda turns around to 106% net profit hike
Mazda has confirmed earlier estimates of the biggest turnaround in its 82-year history by announcing consolidated net profit of 8.83 billion yen ($69 million) for the financial year to March 31. The result is a 106% improvement on last year's net loss of 155.24 billion yen and earnings per share of 7.23 yen compared with a loss of 126.99 yen per share in fiscal 2000.
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