Japanese small car giant Suzuki Motor Corp on Monday reported a nearly three-fold jump in its consolidated net profit for nine months ended December 31, 2010, at 42.61 billion Yen (over . 2,350 crore) on the back of robust sales in Asia, including India and Indonesia.
The company had posted a net profit of 15.49 billion Yen (over . 855 crore) in the corresponding period previous year, Suzuki Motor Corp (SMC) said in a statement. Cars 4 Sale
The consolidated net sales during the ninemonth period also jumped by 8.37% to 1.93 trillion Yen (about . 1,06,430 crore) from 1.78 trillion Yen (over Rs 98,200 crore) in the year-ago period, it added. “Consolidated net sales of this first nine months increased because of the increased sales of automobiles in Japan and of motorcycles and automobiles in Asia, though the sales in North America and Europe were lower than the same period of the previous year,” SMC said. Used Cars Bangalore
During the nine-month period, the company sold a total of 19.02 lakh units of cars and 9.75 lakh units of motorcycles , up 18.43% and 6.09%, respectively. Buoyed by this strong performance, SMC kept its forecast for annual net income for 2010-11 to grow by 21% to 35 billion Yen (about . 1,950 crore), which it has already crossed in the last quarter.
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