Suzuki logs 31% profit gain in 1st quarter on strong domestic sales.TOKYO, Aug. 2 Kyodo
Suzuki Motor Corp. said Wednesday it booked a group net profit of 24.47 billion yen in the first quarter of fiscal 2012, up 30.6 percent over a year earlier, thanks to an increase in domestic auto sales Auto Sales
The major producers of domestic automobiles report sales monthly. These numbers are seasonally adjusted by the U.S. Department of Commerce and are available to the public one to five business days after the end of each month. and cost reductions.
Operating profit Operating profit (or loss)
Revenue from a firm's regular activities less costs and expenses and before income deductions.
See operating income. in the April to June period grew 39.4 percent to 35.65 billion yen on a 6.2 percent rise in sales to 644.77 billion yen, Suzuki said.
For the whole of fiscal 2012 to March 31, 2012, the automaker keeps its earnings projection unchanged -- 70 billion yen in net profit, up 29.9 percent from the previous year, and 120 billion yen in operating profit, up 0.6 percent, on a 3.5 percent sales increase to 2.6 trillion yen.