Mazda Q2 drops on yen, cuts forecast on weak demand


TOKYO, Oct 30 (Reuters) - Mazda Motor Corp reported a 20 percent drop in quarterly operating profit on Thursday, hit by a stronger yen and expensive raw materials, and slashed its annual forecast by a similar margin blaming softer vehicle demand. Mazda, owned one-third by Ford Motor Co , said July-September operating profit was 32.4 billion yen ($328.9 million), while net profit fell 45 percent to 14.5 billion yen. Revenue declined 5 percent to 841.9 billion yen, although vehicle sales ...

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