Mazda Motor Corp. says its recent fiscal year, ended March 31, saw operating profit rise 49% to a record ¥123.4 billion ($1.1 billion). Net income for the auto maker also was a record, up 46% to ¥66.7 billion ($568 million). Mazda’s consolidated revenue increased 8% to ¥2.9 trillion ($24.9 billion). The auto maker credits continued global sales growth, cost-cutting efforts and exchange rates that favored the yen as reasons for its performance. Exchange rates are based on ¥117:$1, the ...

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