Suzuki Motor said its group net profit in the April to September fiscal first half period climbed 23.3% year on year to JPY51.65bn, led by brisk sales in emerging countries in Asia and the yen’s depreciation.
The automaker told Kyodo News its group operating profit rose 36.5% to JPY90.30bn on sales of 1.37 trillion yen, up 11.7%, as it saw increasing sales in Indonesia, Thailand and India.
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A smaller operating loss in its motorcycle business also helped to improve profits, Suzuki said. Its four wheel vehicle sales increased 10.5%, it said.
With the earnings report, the automaker said it plans to increase its full-year dividend to JPY20 per share, up from JPY18 the previous year.
For the full year ending next March, Suzuki maintained its group net profit outlook at JPY100bn, up 24.4%, and sales projection at JPY2.8 trillion, up 8.6%.
It revised upward its operating profit projection to JPY170bn, compared with an earlier projected JPY165bn, buoyed by a weakening yen. That would be a 17.6% increase from the previous year.
