Suzuki First-Half Net Income Jumps 27.5%
November 6, 2006
Filed under Uncategorized
Suzuki Motor Corp. net income for the six months ended September 30 was 39.5 billion yen ($337.7 million) or 81.48 yen a share, up 27.5 percent from 30.9 billion yen or 56.86 yen per share during the same period last year. Sales jumped 16.4 percent to 1.48 trillion yen.
Suzuki officials said they expect the year ending March 31, 2007, to signify a fourth consecutive period of record profit. The company expects year-end sales to be about 3 trillion yen, up from a previous forecast of 2.8 trillion yen, and thus raised forecasted full-year net income from 66 billion yen to 72 billion yen.
Suzuki had consolidated net sales of 2.75 trillion yen for the year ended March 31, 2006, up 116.1 percent compared to prior year sales. Net income was up 109 percent to 65.95 billion yen.