HAMAMATSU (dpa-AFX) - Suzuki Motor Corporation (SZKMF.PK), the Japanese automobile major, on Tuesday posted a rise in earnings and sales for the first-half, mainly reflecting improvement in sales mix/price, increase in volume, and the impact of the exchange rates.
In addition, for the full-year, the company has raised its outlook to reflect the progress made in the first half and the review of unit sales, and the weak yen.
For the six-months to September, the Hamamatsu-headquartered firm posted a profit of 136.973 billion yen, compared with 126.134 billion yen, a year ago. Income per share was at 237.02 yen as against 207 yen per share of previous year.
Pre-tax income stood at 192.515 billion yen, higher than 156.894 billion yen during the corresponding period last year.
Ordinary earnings rose to 192.310 billion yen from 148.248 billion yen reported a year ago.
Operating income climbed to 164.341 billion yen from previous year's 99.112 billion yen. Suzuki Motor generated net sales of 2.217 trillion yen, higher than 1.673 trillion yen last year.
Looking ahead, for the 12-month period to March 31, 2023, the company now expects profit attributable to owners of the parent at 190 billion yen, a rise of 55 billion yen from the previous forecast.
The automaker now projects its full-year net sales to be at 4.500 trillion yen, an increase of 600 billion yen from the earlier guidance.
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