Mazda Motor Posts Narrower Q1 Loss

Mazda Motor MZDAY posted a narrower first-quarter net loss. Mazda Motor posted a quarterly net loss of Y6.46 billion, versus a year-ago loss of Y25.54 billion. In the previous fiscal year ended March, it posted a net loss of Y107.7 billion, versus a year-ago net loss of Y60.04 billion. Its quarterly sales surged 24.1% to Y506.62 billion versus Y408.13 billion. It posted an operating profit of Y1.80 billion, versus a year-ago loss of Y23.09 billion.