INDIA: Maruti Udyog ups profit 40%
Ahead of its proposed public offer for divestment of government equity, Suzuki car maker Maruti Udyog (MUL) on Wednesday announced a 40% higher profit at 1.46 billion rupees ($US31.16 million) for the year 2002-03, Asia Pulse reported. The profit was largely attributed to aggressive cost cutting measures and enhanced productivity, according to a company statement.
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