Mazda Motor Corp. said Thursday it has upwardly revised its fiscal 2001 earnings estimates, thanks to the favorable impact of cost-cutting efforts and a weakened yen.
Mazda said it now expects to log group net profits of 8.5 billion yen, well above the 1.3 billion yen forecast Nov. 12.
Group pretax profits are estimated at 18.5 billion yen, up from the previous forecast of 2 billion yen.