TOKYO (Thomson financially) - Japanese mentioned Monday clear profit truck manufacturer Isuzu engine Ltd. fell 33 per cent to the half fiscal first terminates Septembers of one year in former times, success by acceptance in the domestic truck sales and higher costs of its continual expansion strategy. The company gave to Ersthaelfte clear profit of 37,01 billion Yen against 55,41 billion Yen in the same period last year admits ‘ we expected demand in North America, in order to weaken, but drives not to this extent, ‘ Isuzu (other otc one: ISUZY.PK -
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People ) president Susumu Hosoi a conferece explained messages. It mentioned slow-acting demand in Japan and in Thailand was, mainly as expected ‘ subprime with loan problems continued to cool down emerging last summer, demand in North America. We need monitor carefully, whether also demand in the center would moisten and South America, in which we extended sales in particular said ‘ it. Operational profit fell 16,2 per cent to 48,32 billion Yen, like shrinking conversions into that relatively high side edge markets profitability of Japan and North America hurt Isuzus. Income rose 6 per cent to 874,48 billion Yen, as, exports the weaker Yen helped increase income. Domestic sales fell 29,8 per cent on trucks 37,982, while dispatch overseas 9,3 per cent to 183,502 units, owing to unexpectedly strong rose demand in the center and South America as well as in Africa and other emerging markets. Domestic sales of trucks continued sinking suitable slowing the demand down so that new carriers replace those, which do not meet the firmer emission guidelines, which are imposed in the Tokyo back 2003. As Isuzu, which was looked for, in order to strengthen its overseas presence, it spent 11,8 billion Yen on capital investment investment to the half first, up from 11,0 billion Yen the year before. Research and developping costs rose to 28,5 billion Yen of 27,7 billion Yen. Writing-off regulations rose to 11,2 billion Yen of 7,1 billion Yen and ate into the profit margin of the company. For the year until March 2008, the truck manufacturer clear profit expects billion Yen and operational profit of 100 billion Yen, in agreement with earlier guidance of 80. But it increased its incomes estimation to 1,75 quintillion Yen of 1,65 quintillion Yen. On new strengthening of the Yens against US dollar, Hosoi said, ‘ we not also over it are concerned, is the Yen itself strengthened toward to 100 Yen to the dollar.’ (1 US dollar = 110,32 Yen) yasuhiko.seki@thomson.com yumiko.nishitani@thomson.com yn/zr yun/zr
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