Printer Friendly

Isuzu Motors' 1st-half net balance returns to black.

TOKYO, Nov. 8 Kyodo

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.
COPYRIGHT 2010 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Japan Transportation Scan
Geographic Code:9CHIN
Date:Nov 8, 2010
Words:170
Previous Article:Nissan releases energy-saving Serena minivan.
Next Article:Japanese editorial excerpts -2-.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters