Suzuki Motor Q1 operating profit rises 7% on higher India sales

Operating profit at Japan's fourth-largest automaker by sales came in at 59.2 billion yen (USD 586.25 million), better than an average estimate of around 46.72 billion yen from 10 analysts surveyed by Thomson Reuters I/B/E/S/.

August 03, 2016 / 12:23 IST

Compact car maker Suzuki Motor Corp posted on Wednesday a 7.2 percent rise in operating profit, as increased sales in India and Europe offset the negative impact of currency fluctuations.

Operating profit at Japan's fourth-largest automaker by sales came in at 59.2 billion yen (USD 586.25 million), better than an average estimate of around 46.72 billion yen from 10 analysts surveyed by Thomson Reuters I/B/E/S/.

Vehicle sales in India, its biggest market, rose 5.2 percent in the April-June period, while sales in Europe rose 15.2 percent.

Suzuki maintained its forecast for full-year operating profit to slide to 180 billion yen, based on a budgeted annual rate of 105 yen to the US dollar.

first published: Aug 3, 2016 12:23 pm

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