Isuzu Posts Record Profits

Isuzu Posts Record Profits

Isuzu Motors Ltd. announced on Monday that the group has touched all-time highs for the second consecutive year profits for the fiscal year 2004. They achieved this with strong sales of their products in the overseas markets.

The consolidated profits of the company rose 9.7 percent to 60.04 billion yen. The pretax profit surged 12.1 percent to 91.56 billion yen. The company specializes in manufacturing of trucks and diesel engines. The company now plans to pay an annual dividend of 1.50 yen per share for the fiscal year to March 31 to their shareholders.

This is for the first time in many years that the company would be resuming dividend payments. The company is affiliated with the auto giant General Motors of the United States and with their support, their overseas sales rose 8.1 percent from a year earlier. They also added a Thai unit as a consolidated subsidiary during this year helping them achieve this higher profit figures.