|
Although the new legacy boosted retail sales during the first quarter, SOA saw only a slight year-on-year increase in sales volume. Operating loss decreased due to the improved price and sales mixture as a result of the launch of the new Legacy. The incentive which was $100 less than it was last year at $1,900 per unit. This increase covered the loss from leasing and brought year-on-year operating losses down $13 million to $23 million.
Production at SIA increased by approximately 2.6 thousand units during the first quarter. With the termination of consignment production for Isuzu in July, the production volume dropped by 6.4 thousand units but the actual production volume was up by 9 thousand units over the previous year. Operating losses were cut by $7 million to $27 million due to deterioration of sales volume and mixture. SIA saw a total loss of $201 million, up by $180 million, due to extraordinary losses generated from the cancellation of leased facilities as a result of the termination of consignment production for Isuzu in March as well as impairment losses. This extraordinary loss has been written off in the consolidated adjustment account for the fiscal year ending March 2005. |
|
|