Isuzu Motors said on Friday that it returned to profitability in the three months to June 30 thanks to robust sales in Japan and cost-cutting efforts, Dow Jones reported, adding that the truck and SUV maker also maintained its earnings outlook for the fiscal year to the end of March 2004.
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The report said Isuzu, which aims to post its first group net profit in five years this fiscal year, posted a group operating profit of Y13.1 billion in the quarter ended June 30, a sharp turnaround from a group operating loss of Y13.6 billion in the same quarter last year.
Isuzu, in which General Motors holds a 12% stake, posted sales of Y318.4 billion, up 13% from Y281.7 billion a year earlier, Dow Jones added.
