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Mazda Q1 2023/24 results

With a quarterly margin of 2.8% Mazda faces an uphill battle to reach its full year target of 4.0%. By Jonathan Storey

Mazda reported an operating profit of ¥30bn for its fiscal first-quarter, having reported a ¥(19.5)bn loss in the year-ago period. While the return to the black was welcome, the 2.8% margin remains lacklustre and makes it a stretch for the company to achieve its (unchanged) full year target of 4.0%.

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