Mazda reduced the net loss in the last fiscal year

Mazda reduced the net loss in the last fiscal year

Japanese Mazda Motor said it had in the last fiscal year, thanks to lower costs, managed to reduce net loss of 6.5 billion yen (69 million), with 71.5 billion in the previous fiscal year.

The fourth-largest Japanese manufacturer expects that in the new fiscal year, which ends in late March 2011, achieved net profits of five billion yen, reported The Associated Press.

Sales Mazdinih vehicles per year has dropped by 15 percent because of weaker demand in all major markets, except China, where he recorded sales growth of 46 percent.