SUZUKI PROFITS RISE AGAIN
February 1 2007.
Suzuki Motor Corp. has announced that its group profit rose 20% in the April-December period as it boosted sales of small vehicles in India, Pakistan, North America and Europe.
The Japanese maker of small cars and motorcycles posted a group net profit of Y57.51 billion for the nine months ended Dec. 31, up from Y47.90 billion a year earlier.
Group sales grew 15% to Y2.238 trillion from Y1.953 trillion. Its group operating profit gained 15% to Y99.02 billion from Y85.84 billion.
The company's small vehicles have been attracting consumers looking for fuel-efficient alternatives in the face of high gasoline prices.
For the full fiscal year ending in March, the company maintained its group net profit outlook of Y72 billion and group sales forecast of Y3 trillion.