Mazda Motor remained in the red in the April-June quarter but narrowed its loss from a year earlier, reflecting a recovery in the domestic auto market from the March 2011 earthquake and tsunami disaster.
Mazda booked a group net loss of JPY6.46bn for the first quarter of the business year to 31 March 2013, down from a year-before loss of JPY25.54bn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Mazda incurred a foreign exchange loss of JPY9.45bn, reflecting the yen’s appreciation, Kyodo News noted.
On an operating basis, Mazda logged a profit of JPY1.8bn, a turnaround from a year-before loss of JPY23.09bn, on sales up 24.1% to JPY506.62bn.
For the full year, the automaker kept its group earnings projection unchanged. It expects to report a net profit of JPY10bn and an operating profit of JPY30bn on sales of JPY2.2 trillion.
