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Mazda Motor Corp
MZDAF projects to swing to profit this fiscal year.
Mazda Motor expects a net profit of Y1 billion in the current fiscal year, versus a Y60.04 billion net loss, in the previous fiscal year. Analysts expected a profit of Y620 million. The company projects sales to drop 5.8% to Y2.190 trillion from Y2.326 trillion. It projects operating profit to fall 16% to Y20.00 billion from Y23.84 billion.
Mazda Motor shares dropped 0.85% to close at $2.32 yesterday.
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from Benzinga's Company news.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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