(RTTNews) – Isuzu Motors (ISUZY. PK) recorded a net loss of 9.8 billion yen in the first quarter, with a profit of 27.4 billion yen last year.
Operating source of revenue for the quarter 2.2 trillion yen compared to 46.0 trillion yen reported in the same year. The operating source of revenue declined due to weak sales units.
Sales for the quarter fell 36 percent to 327.4 billion yen, with 509.1 billion yen generated last year.
For fiscal year 2021, the company expects a net source of cash of 12.0 billion yen and cash of 1.70 trillion yen. The operating profit for 2021 is expected to be 50.0 billion yen.