Full-year operating profit at Mazda is expected to climb 42% to 118 billion yen, while net income is forecast to grow 31% to JPY60bn.
Go deeper with GlobalData
The Ford-controlled automaker has reported sales revenues up 4% in the first nine months of 2005, with revenues of JPY2.09 trillion.
The company said that a 3% increase in unit vehicle sales to 834,000 units reflects strong demand for its 3 and 5 models.
Higher revenues, combined with more favourable exchange rates and cost reductions contributed to a 31% increase in nine-month operating profit to JPY83.7bn, and a 58% increase in net income to JPY41.3bn.
For the full year Mazda projects a 7% rise in global wholesale sales to 1.15m units and a 7% increase in global revenues to JPY2.89 trillion in full-year 2005.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Our results for the first nine months put us on track to achieve record profit levels for a second consecutive year”, said Mazda’s representative director and chief financial officer Gideon Wolthers.
“Our new MPV and CX-7 models will also assist in building a solid foundation for growth under Mazda Momentum, our mid-term plan.”
