Japan: Isuzu’s first-half profits fall

By AWKnowledge staff writer (MVR). 2005-11-18 AWKnowledge

By AWKnowledge staff writer (MVR). 2005-11-18 AWKnowledge

Isuzu’s net profits fell 27.4% to ¥26.02bn (US$220m) in the six months ended 30 September, pulled down by increasing research expenditure.

Operating profit for the first half of fiscal 2005 dropped 12.9% to ¥37.87bn (US$320m), with profits before tax down 15.9% to ¥40.62bn (US$340m).

However, sales for the period inched up 0.3% to ¥737.33bn (US$6.21bn). The company mainly deals with truck and diesel engine manufacturing.

Isuzu is working on doubling its full-year dividend for the business year to next 31 March from ¥1.5

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