Mazda: $512 Million Loss In Second Half image

Mazda Motor Corp. stated that the company registered a $512 million loss during first half of its 2012 fiscal year, compared with the $7 million profit registered in the first half of the previous year. Also, the net sales were with 17.1% less than in the same period of 2011 fiscal year.

For March – September 2011, Mazda’s sales decreased in Japan with 24.1 (to 95,000 vehicles), in Europe with 16% and in China with 4.3% (to 107.000 units), compared to the same period last year. In North America, sales increased 2.6% reaching 182,000 vehicles.

According to the last company statements, for the second half of 2012 fiscal year it expects a 7.1% decline in net sales, an unchanged full-year operating income, compared with the previous year and a loss of 19 billion yen ($244 million) full fiscal year 2012, from the previous forecast of 1 billion yen ($12.8 million) profit.

Mazda Motor Corp. financial results are registering the same trend as other Japanese carmakers which are struggling to recover from the March’s earthquake and tsunami, amid global economical crisis and strong yen.