Daihatsu Motor said on Friday its consolidated net profit in the April-June [fiscal Q1] period tripled from a year earlier to an all-time high of JPY20.56bn thanks to booming sales of fuel-efficient cars including the Mira e:S minicar.

The Toyota Motor group unit told Kyodo News sales surged 36.1% to a new high of JPY448.65bn due in part to government subsidies to encourage eco-friendly car sales and a recovery in demand that fell after last year’s earthquake, while overseas sales were strong particularly in Indonesia.

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The company stood by its earlier earnings forecast for the year to 31 March, estimating group net profit at JPY70bn, up 7.5%, on sales of JPY1.67 trillion, up 2.4%, even though an end to the government subsidy around August may have a dampening effect.

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