By Leftlane Staff
Friday, Jul 28th, 2006 @ 8:39 am

Mazda Motor Corporation today reported its quarterly financial results. For the first quarter, Mazda’s worldwide revenue increased year-on-year by 9 percent to $6.3 billion. This is due to an improved model mix and weaker yen against other major currencies. Operating profit rose 30 percent year-on-year to $252 million, with ordinary profit also increasing by 12 percent to $204.3 million. Net income was $56.2 million. “Mazda’s mid-term business plan, Mazda Momentum continues on track. Our product-led growth is driving forward with the introduction of new vehicles, namely Mazda CX-7 and Mazda MX-5 with a Power Retractable Hard Top globally and the Mazda CX-9 in the North American market,” said CFO David E. Friedman.

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