April 29 2007.

Suzuki Motor Corp. has announced that its net profit jumped 14% on record-high sales last fiscal year, driven by demand for its cars in overseas markets and large motorcycles in Europe.

The company said its group net profit rose to Y75.01 billion for the year ended March from Y65.95 billion in the previous year.

Its group operating profit surged 17% to Y132.90 billion from Y113.87 billion.

Suzuki's sales surged 15% to Y3.164 trillion from Y2.746 trillion, topping the Y3-trillion mark for the first time, the company said.

It also forecast stronger earnings for this fiscal year. It expects a group net profit of Y76.00 billion, a group operating profit of Y134.00 billion and group sales of Y3.200 trillion.

Source - Nikkienet