Isuzu Motors' 1st-half net balance returns to black.
Isuzu Motors Ltd. said Monday its group net balance in the first half of fiscal 2010 swung back into the black at 29.20 billion yen against a loss of 27.77 billion yen a year ago chiefly on spirited sales in China and other Asian nations.
In an earnings report for the April-September period, the major truck maker said sales shot up 63.7 percent to 724.88 billion yen. On a quantitative basis, worldwide sales zoomed up 86.0 percent to 204,011 units.
On the domestic market alone, sales rose 34.7 percent to 25,106 units. Isuzu traced the results to tax breaks and a subsidy program for eco-friendly vehicles that clear government norms on tailpipe emissions.
For all of fiscal 2010, Isuzu revised upward its net profit projection to 52 billion yen, up 12 billion yen from the forecast released on Aug. 4, on projected sales of 1.43 trillion yen, down from the earlier estimate of 1.45 trillion yen.
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|Publication:||Japan Transportation Scan|
|Date:||Nov 8, 2010|
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