Mazda More than Doubles Quarterly Earnings

Mazda Motor Corp.'s sales in October-December 2013 jumped 34% to 686 billion yen ($6.8 billion). Net income surged to 52 billion yen ($517 million) from 19.8 billion yen.

Mazda predicts its operating profit for the full fiscal year ending March 31 will be 180 billion yen ($1.8 billion), up nearly 13% from its previous forecast. It also expects its sales for the current fiscal year to reach 1.33 million vehicles worldwide.

The company intends to pay a dividend of one yen ($0.01) per share for the year, its first such distribution in four years.