UPDATE 1-Mazda sees 16 pct profit fall, seeks growth in S.Amer

Newswire

* Says to build new factory in Mexico with Sumitomo Corp * The two will also set up sales company in Brazil (Updates with profit forecasts) TOKYO, June 17 (Reuters) - Mazda Motor Corp forecast on Friday a 16 percent fall in operating profit this year as it takes a hit from a stronger yen and supply chain disruptions after the March 11 earthquake. The operating profit forecast of 20 billion yen ($248 million) for the year to March 31, 2012 was better than the average 5.66 billion yen ...

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