Mazda's operating profit plunged 79% in the first quarter.

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      Japan's Mazda (7261.T) reported on Thursday that its operating profit plunged 79% in the first quarter, continuing to be plagued by declining sales in the United States and China, while the stronger yen eroded company profits.
Mazda's operating profit in April-June was 7 billion yen ($64 million), down from 33.1 billion yen in the same period last year and less than half of the 18.5 billion yen estimated by analysts interviewed by Lufford.
Despite the decline in profits, Mazda still expects operating profits to increase by 33% to 110 billion yen in the fiscal year ended March.


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