Don’t miss the latest developments in business and finance.

Japan's Suzuki posts second-quarter profit jump, lifts full-year outlook

Image
Reuters TOKYO
Last Updated : Nov 02 2017 | 12:07 PM IST

TOKYO (Reuters) - Suzuki Motor Corp reported on Thursday a 56 percent jump in operating profit for the second quarter, driven by strong sales at home and in India, its biggest market.

Operating profit at Japan's No. 4 automaker came in at 87.8 billion yen ($770.7 million) in July-September, up from 56.3 billion yen a year ago and above an average forecast for 78.21 billion yen from 10 analysts polled by Thomson Reuters I/B/E/S.

Suzuki also raised its forecast for full-year operating profit to 300 billion yen, up from the previous forecast of 240 billion yen. It compares with an average estimate of 327.5 billion yen in a poll of 22 analysts.

($1 = 113.9200 yen)

(Reporting by Naomi Tajitsu; Editing by Muralikumar Anantharaman)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Nov 02 2017 | 11:57 AM IST

Next Story