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Mazda posts 47% plunge in annual profit, skips financial forecasts

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TOKYO (Reuters) - Mazda Motor Corp on Thursday declined to give an earnings forecast and posted its lowest annual profit operating profit in eight years as the coronavirus outbreak hammered global vehicle demand. Profit at Japan's No. 5 automaker came in at 43.6 billion yen ($408 million) for the year ended March 31, nearly half the 82.3 billion yen for the previous year and its lowest since the..
Date Published: May 14, 2020
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