SUZUKI UP
August 2 2007.
Suzuki Motor Corp. has reported a 20% rise in group net profit for the April-June quarter, propelled by robust vehicles sales in the promising Indian auto market and other overseas markets.

The Japanese auto maker, which loosened its capital partnership with U.S. auto giant General Motors Corp. (GM) last year, posted a group net profit of Y24.36 billion in the quarter ended June 30, up from Y20.26 billion a year earlier.

Its group operating profit for the quarter grew 19% to Y40.49 billion, up from Y33.95 billion, and its group sales rose 17% to Y894.53 billion from Y763.84 billion in the year-ago quarter.

The latest solid results at Suzuki, which specializes in small cars, come as demand for fuel-effective compact cars remains robust amid persistently high gasoline prices.

The company, which is also a major manufacturer of motorcycles, left unchanged its forecast for this fiscal year through March.

Suzuki continues to predict a group net profit of Y76.00 billion, a group operating profit of Y134.00 billion and group sales of Y3.200 trillion.


Source: Nikkei News