Mazda 2004/05 profit up, sees slower growth ahead

Newswire

TOKYO, April 28 (Reuters) - Japan's Mazda Motor Corp. posted an 18 percent rise in annual operating profit on Thursday on surging European sales but predicted slower growth this year as rising materials prices coincide with intense price competition in the United States, Europe and China. Operating profit was 82.9 billion yen ($783 million) in the year ended March 31, beating market estimates of 79.7 billion yen in a survey of 21 analysts by Reuters Estimates. Net profit rose 35 percent ...

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