Suzuki logs a profit on robust salesComment on this story
Tokyo - Suzuki Motor Corp on Thursday booked a net profit of 30.8 billion yen (303.7 million dollars) in the October-to-December quarter, thanks to a falling yen and strong domestic and Asia sales.
Suzuki posted an operating profit of 44.4 billion yen in the quarter, up 66 per cent from 26.7 billion yen in the same period in 2012, while sales were up 18.4 per cent to 705.6 billion yen.
Domestic sales jumped 17.2 per cent to 266,447 vehicles in the October-to-December period while those in Asia grew 16.3 per cent to 257,071, the Japanese carmaker said.
The yen's decline makes Japanese products more competitive overseas and improves repatriated earnings.
Suzuki lifted its operating profit outlook for the current financial year to 180 billion yen from 170 billion yen projected three months ago.
The carmaker also raised its net profit forecast to 105 billion yen for the year through March 2014 from 100 billion yen in November while sales were predicted at 2.85 trillion yen from 2.8 trillion yen. - Sapa-dpa