JAPAN: Suzuki posts 31% increase in Q2 net income
Suzuki second fiscal quarter sales were flat year on year at JPY1,226.8bn.
Operating income fell 2.2% year on year to JPY66.1bn but net income rose 31% to JPY41.9bn.
Automobiles segment operating income increased by 14.9% to JPY69.2bn.
Net income for the full year is expected to increase 29.9% to JPY70bn and operating income is forecast to rise 0.6% to JPY120bn. The automaker expects net sales for fiscal 2012 to increase 3.5% to JPY2,600bn.