TOKYO -- Rising revenue helped Fuji Heavy Industries Ltd., the maker of Subaru vehicles, cut its North American operating loss in the fiscal first half.
Revenue in North America, the companys biggest market, rose 7.7 percent to $2.38 billion in the April-September period, from $2.21 billion in the same period a year earlier.
But on a unit basis, sales were nearly flat, increasing to 89,900 units in the United States and Canada, from 89,200 the year before, Fuji said Wednesday, Oct. 31, in its first-half earnings report.
Still, higher revenue from Subarus upmarket shift and strong export demand for the U.S.-made Tribeca SUV in Europe and Australia helped narrow its regional operating loss.
North American operations lost $7.0 million in the half, compared with a loss of $44.3 million in the first six months of 2006. The company did not give quarterly breakdowns by region.
For the company as a whole, consolidated operating profit more than doubled to $133.9 million in the July-September period. Total sales rose 5.8 percent to $3.40 billion.
Subaru sales in the United States jumped 21 percent to 46,300 units, in the second quarter, compared with 38,500 vehicles a year earlier.