TOKYO -- Isuzu Motors Ltd. posted a sharp rise in operating profit in the April-June quarter, but its net profits slid due to higher taxes at its subsidiaries.
Net fell 17.6 percent to 12.90 billion yen, or $116.6 million at current exchange rates, compared with the year-earlier period. Operating profit jumped 25.1 percent to $153.9 million. Revenues rose 10.2 percent to $3.21 billion. Revenues rose on higher truck sales in Japan.
Isuzu's global unit sales soared 78.7 percent to 98,617 in the quarter. Isuzu included in its consolidated results trucks made at its Thai affiliate this quarter. It did not do so a year ago.
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