mts Posted July 28, 2006 Report Share Posted July 28, 2006 Mazda Profit Surges Nearly 16-Fold The Associated Press By CARL FREIRE July 28, 2006 "We have achieved year-on-year profit gains across the board for the first quarter (and) Mazda's mid-term business plan ... continues on track" Mazda Motor Corp. said profit surged nearly 16-fold in the April-June quarter from a year earlier as solid sales of its minivan and sport convertible models in the U.S. and Europe offset sluggish domestic sales. 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. Sales grew 9.5 percent to 734.30 billion yen ($6.33 billion) in the quarter from 670.78 billion yen, the Hiroshima-based automaker said. It based its earnings on Japanese accounting standards. 'We have achieved year-on-year profit gains across the board for the first quarter (and) Mazda's mid-term business plan ... continues on track,' said Mazda Representative Director and Chief Financial Officer David E. Friedman in a statement. Ford owns about a third of Mazda. Healthy sales of the Mazda5 minivan and Mazda MX-5 Miata sports car in the American and European markets lifted revenues, the company said. The weakening of the yen against other major currencies, which makes exports more competitive and inflates sales when repatriated to Japan, also helped to boost revenues, it said. The company's new Mazda CX-7 sports utility vehicle also had a successful launch in the North American market, it said. However, a rise in overall costs cut into operating profits by 1 billion yen, it said. Operating profit climbed almost 30 percent to 29.61 billion yen ($255.32 million) from 22.82 billion yen the previous year. Worries about rising material costs sent Mazda's stock down 3.0 percent to 748 yen ($6.45) in Tokyo. The company's share price has nearly doubled in the last year. Mazda is the latest Japanese automaker to report a rise in profits for the April-June quarter, following on the heels of Honda Motor Co. and Nissan Motor Co. Japan's No. 1 automaker, Toyota Motor Corp., reports earnings next week. Mazda left unchanged its group earnings forecast for the current fiscal year through March 2007. The company expects a record net profit of 75.00 billion yen ($646.72 million) and an all-time high operating profit of 135.00 billion yen ($1.16 billion), supported by group sales of 3.100 trillion yen ($26.73 billion). Quote Link to comment Share on other sites More sharing options...
mts Posted July 28, 2006 Author Report Share Posted July 28, 2006 Another news release based on profit... HERE Quote Link to comment Share on other sites More sharing options...
///BHRpowered Posted July 28, 2006 Report Share Posted July 28, 2006 well done mazda indeed, seems with the price of gas people are flocking to mazda Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted August 8, 2006 Report Share Posted August 8, 2006 well why wouldn't they? Quote Link to comment Share on other sites More sharing options...
mts Posted December 10, 2006 Author Report Share Posted December 10, 2006 With the design and new models, people are flocking to Mazda. Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted December 11, 2006 Report Share Posted December 11, 2006 I am actually liking the new cx-7 they are comming out with. Hubby likes it too. Quote Link to comment Share on other sites More sharing options...
mts Posted December 11, 2006 Author Report Share Posted December 11, 2006 CX-9 Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted December 13, 2006 Report Share Posted December 13, 2006 the suv crossover? cx9? I could be wrong. It has happened before Quote Link to comment Share on other sites More sharing options...
mts Posted December 13, 2006 Author Report Share Posted December 13, 2006 It is the bigger version. Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted December 14, 2006 Report Share Posted December 14, 2006 oh, ok Quote Link to comment Share on other sites More sharing options...
mohamedeladawy@hotmail.com Posted December 25, 2006 Report Share Posted December 25, 2006 replacing the gay ass van they had. Quote Link to comment Share on other sites More sharing options...
mts Posted December 25, 2006 Author Report Share Posted December 25, 2006 It served it's purpose.... could carry a lot of tramps in a van like that.... Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted December 25, 2006 Report Share Posted December 25, 2006 meh Quote Link to comment Share on other sites More sharing options...
AngelOfDeath Posted December 25, 2006 Report Share Posted December 25, 2006 meh!!! Quote Link to comment Share on other sites More sharing options...
mts Posted December 25, 2006 Author Report Share Posted December 25, 2006 or boxes of liquid golden nectar Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted December 26, 2006 Report Share Posted December 26, 2006 that is better Quote Link to comment Share on other sites More sharing options...
mohamedeladawy@hotmail.com Posted December 26, 2006 Report Share Posted December 26, 2006 well our van went through hell and back. i can tell u that much. Quote Link to comment Share on other sites More sharing options...
mts Posted December 26, 2006 Author Report Share Posted December 26, 2006 And you bad mouth it? Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted January 3, 2007 Report Share Posted January 3, 2007 you forget he is still young. Quote Link to comment Share on other sites More sharing options...
mts Posted January 27, 2007 Author Report Share Posted January 27, 2007 Anything that can take that abuse deserves some respect... he is a prime case with his milly. Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted January 27, 2007 Report Share Posted January 27, 2007 indeed Quote Link to comment Share on other sites More sharing options...
Dallasaurora Posted February 23, 2007 Report Share Posted February 23, 2007 well done mazda indeed, seems with the price of gas people are flocking to mazda If only this had happened 10-15 years ago, probably I would have been sitting in my Xedos 9 Mk III or possibly the Xedos 12 ! Quote Link to comment Share on other sites More sharing options...
mts Posted February 23, 2007 Author Report Share Posted February 23, 2007 Oh the thoughts.... Quote Link to comment Share on other sites More sharing options...
Dallasaurora Posted February 26, 2007 Report Share Posted February 26, 2007 Indeed Quote Link to comment Share on other sites More sharing options...
MazdaMomma Posted April 6, 2007 Report Share Posted April 6, 2007 well done mazda indeed, seems with the price of gas people are flocking to mazda If only this had happened 10-15 years ago, probably I would have been sitting in my Xedos 9 Mk III or possibly the Xedos 12 ! ooooh Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.