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. Last Updated: 07/27/2016

Mazda Posts Profit

TOKYO -- Mazda Motor beamed with pride Thursday as it announced its first consolidated net profit in six years and forecast its best earnings ever for the current business year.

"I must say we have a touch of pride when we say our target for the year to March 2000 is an all-time record - just a touch of pride," Mazda's chief financial officer Gary Hexter told reporters.

After years of restructuring, Japan's fifth-largest automaker said it posted a consolidated net profit of 38.71 billion yen ($312 million) in the year that ended on March 31, its best in 14 years.