Mazda Q1 profit falls 17 pct on higher marketing costs

TOKYO, Aug 1 (Reuters) - Mazda Motor Corp on Wednesday posted a 17 percent drop in operating profit for the first quarter, as a rise in marketing expenses offset an increase in sales. Operating profit at Japan's fifth-largest automaker was 33.1 billion yen ($295.48 million) for the April-June period, versus 39.9 billion yen a year ago. However, this was better than an average estimate of 25.2 billion from seven analysts polled by Thomson Reuters I/B/E/S. Mazda ...


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