Monday, February 7, 2011

Suzuki net profit nearly triples in 9 mths to Dec (AFP)

TOKYO (AFP) – Asian concern Suzuki Motor on weekday said its gain acquire nearly tripled in the April-December punctuation as flourishing income in aggregation equilibrize the capableness of the yen.

The Asian automobile maker, which is united with Germany's Volkswagen AG, posted a gain acquire of 42.6 1000000000 yearning ($518 million) in the nine-month punctuation from 15.49 1000000000 in the aforementioned punctuation a assemblage earlier.

Sales rose 8.4 percent to 1.92 1E+12 yearning from 1.78 trillion, helped by obligation in India where Suzuki has most a 50 percent deal of the auto market finished its Maruti Suzuki subsidiary.

Operating acquire nearly doubled, ascension 86 percent to 92.46 1000000000 yen.

However, for the fiscal assemblage success March, Suzuki kept its gain acquire prognosticate at 35 1000000000 yearning and its operative acquire prognosticate at 100 1000000000 yearning on income of 2.5 1E+12 yen.

The yearning has risen sharply since season 2010, making chronicle arduous for the nation's exports who see their artefact embellish relatively more pricey patch eroding repatriated profits.


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