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August 4, 2014

JAPAN: Mazda posts 54% rise in operating profit

Mazda Motor booked a record operating profit for Q1 with a year-on-year rise of 54% to JPY56.4bn (US$539m).

Mazda Motor booked a record operating profit for Q1 with a year-on-year rise of 54% to JPY56.4bn (US$539m).

Worldwide revenue during the quarter was JPY706bn, up 15% on the first quarter of 2013.

Return on sales rose to 8% from 5.9%. Net income was up JPY43.4bn to JPY48.9bn.

The company, which reported global sales up 6% to 319,000 units for the quarter, left its full year forecast unchanged. It anticipates record operating profits of JPY210bn and net income rising 18% to JPY160bn with revenue forecast to rise 8% to JPY2.9 trillion. Sales are forecast at 1.42m units.

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