Mazda profit jumps 77 pct on cost cuts

Newswire

TOKYO, April 25 (Reuters) - Mazda Motor Corp, the smallest of Japan's top five automakers, said on Friday hefty cost cuts helped profits jump 77 percent last year as it projected further growth powered by new models like the Mazda6/Atenza sedan. Mazda, which is one-third owned by Ford Motor Co , reported preliminary operating profit for the year to March 31 of 50.6 billion yen ($422.4 million), compared with 28.55 billion yen the year before. That was in line with the company's ...

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