Mexican Media Brands
Mazda Quarterly Sales Up, Profits Down
Mazda Motor Corp. hiked revenue 12% to 840 billion yen ($7.1 billion) in January-March 2015 as vehicle deliveries rose 4% to 394,000 units.
#economics
Share
Mazda Motor Corp. hiked revenue 12% to 840 billion yen ($7.1 billion) in January-March 2015 as vehicle deliveries rose 4% to 394,000 units.
But unfavorable exchange rates, costly plant launches and sales incentives cut fourth-quarter operating profit 11% to 51 billion yen ($427 million). Net earnings for the period plunged 53% to 27 billion yen ($229 million).
Still, Mazda posted record earnings for the fiscal year ended March 31. Operating profit jumped 11% to 203 billion yen ($1.7 billion), and net income climbed 17% to 159 billion yen ($1.3 billion). Revenue grew 13% to 3 trillion yen ($25.5 billion) as vehicle sales advanced 5% to a record 1.40 million units.
Mazda expects revenue in the current fiscal year will grow 7% to 3.3 trillion yen ($27.3 billion) as sales expand 7% to 1.49 million vehicles worldwide. But the company says taxes will cut its net income for the year 12% to 140 billion ($1.2 billion).
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
Fuel Economy Gains in July
What you’re looking at here is a sales-weighted fuel economy chart (the numbers in the white boxes represent miles per gallon) that was put together by two diligent researchers, Michael Sivak and Brandon Schoettle, of the University of Michigan Transportation Research Institute.