Mazda Motor Corp. said Wednesday it returned to the black in the 2001 business year thanks to cost-cutting measures and a weakened yen.
The Hiroshima Prefecture-based automaker posted consolidated net profits of 8.8 billion yen, marking a sharp turnaround from the group net losses of 155.2 billion yen logged a year earlier. Its group sales stood at 2.09 trillion yen, up 3.9 percent.
Mazda's group pretax profits came to 19.2 billion yen, up from pretax losses of 29.7 billion yen posted a year earlier.