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Mazda posts record profit in FY 2013-14

Mazda posts record profit in FY 2013-14

Snapshot: Mazda posts record profit in the last fiscal year

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Mazda Motor Corporation recorded the highest business profit in its 94-year history for the fiscal year 2013-2014. The Japanese carmaker earned a global operating profit of €1.36 billion, a 238 per cent year-on-year increase and 12 per cent higher than the previous record set in 2008.

Mazda recorded gains in all other key categories, too, as ongoing structural reforms at the company gained traction. The company sold a total of 1.33 million vehicles across the globe, registering a growth of 8 per cent over previous year. Meanwhile, the total revenue is 20.1 billion for the last fiscal year up by 22 per cent over preceding year, the Global net profits for the same period are €1.01 billion, approximately four times of the previous year.

Registered a growth of 25 per cent in Europe sales, Mazda sold a total of 163,000 units over the continent. The Major markets being the UK with 35 per cent growth to 35,000 units, while Germany, the company's largest market in the region, recorded 20 per cent growth at 47,000 units.

The company registered a growth of 13 per cent to 244,000 units at its home land, Japan. Chinese market witnessed 12 per cent gain at 1,96,000, while North American market grew by 5 per cent at 391,000 units. The company retained its third largest automaker position with sales of 1,04,000 units in Australia.

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