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
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
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.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future