Suzuki has reported a 5.9% rise in full year operating profit, below expectations, according to Reuters.
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Operating profit was 113.9bn yen, thanks to cost reduction, a favorable yen exchange rate and sales growth.
Net profit rose 9% to 65.9bn yen and revenue was 2.746 trillion yen (up 16%).
Suzuki said that sales worldwide were currently healthy and that it did not predict much change in earnings for the current year.
Reuters noted earlier in the week that it expected Suzuki to report operating profit growth of around 8.4% in 2006/7 while Suzuki on Friday forecast a 1% rise.
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By GlobalDataThe automaker, which specialises in small cars and SUVs, expect sales growth to continue, mainly overseas where it is doing particularly well in Asia, especially India where its Swift model enjoyed a six-month wait list at one point last year before production was boosted bya round 30%.
Suzuki is aiming to increase vehicle sales 7% this year, up from 2.067m units to 2.211m.
Chief executive Osamu Suzuki expressed concern that revenue growth be balanced with careful investment spending. Suzuki has forecast total capital expenditures of one trillion yen during the five-year plan, but will have spent more than half of that in the first two years, said Reuters.
