Isuzu Motors Reports 16% Increase In Net Profit

Isuzu Motors Ltd (OTC: ISUZY) reported a 16% rise in its net profit for the six months ended September 30. Isuzu Motors' net profit for the period gained to Y33.73 billion, from Y29.20 billion, in the year-ago period. Its sales dropped 9.2% to Y658.14 billion from Y724.88 billion. For the current fiscal year ending March 2012, Isuzu Motors lifted its net profit forecast to Y74 billion versus Y65 billion. However, it cut its sales view to Y1.430 trillion versus Y1.480 trillion.