Suzuki Motor on Friday lifted its parent-only profit estimates for the first half of the business year, citing better-than-expected car and motorcycle sales around the world, Reuters reported.
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Suzuki Motor, owned 20% by General Motors, now estimates net profit at 17.8 billion yen ($US155.8 million) for the six months ended Sept. 30, or 27% better than its initial forecast of 14 billion yen.
The new estimate would represent a 6.1% fall from the same period last year, Reuters noted.
First-half sales are now estimated at 764 billion yen, up 11% from the original forecast and 7.2% up from the 712.83 billion yen booked a year earlier.
Suzuki, which typically sets ultra-conservative forecasts, reportedly said vehicle sales were healthier both in Japan and abroad.
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