Mazda's net profit soars 16-fold in first quarter
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Mazda's net profit soars 16-fold in first quarter
http://mazdanews.com/node/view/342
they are down a little domestically but US and European sales are strong
FY2006 Consolidated 1st Quarter Highlights:
- Operating profit up 30 percent to 29.6 billion yen
- Consolidated revenue up 9 percent to 734.3 billion yen
- Ordinary profit rises 12 percent to 24 billion yen
- Operating profit up 30 percent to 29.6 billion yen
- Consolidated revenue up 9 percent to 734.3 billion yen
- Ordinary profit rises 12 percent to 24 billion yen
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The Japanese affiliate of Ford Motor Co. posted a group net income of 6.61 billion yen, or $57 million, in the fiscal first quarter, up from the 419 million yen it posted a year earlier.
The profit jump was also due to sharply trimmed special losses after it booked a one-time loss of about 21 billion yen ($181 million) related to its reappraisal of fixed assets a year earlier.
The profit jump was also due to sharply trimmed special losses after it booked a one-time loss of about 21 billion yen ($181 million) related to its reappraisal of fixed assets a year earlier.
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