Monday, November 29, 1999

Suzuki profit remains flat

News posted by www.newsinfoline.com

The country's largest carmaker Maruti Suzuki India has outperformed parent, Japan's Suzuki Motor Corporation, in profitability. Suzuki Motor's consolidated net profit of 28.91 billion yen (about Rs 1,395 crore) for the fiscal 2009-10 was literally half of that of Maruti Suzuki's Rs 2,624 crore net profit in the same period.The Japanese major reported a 5.41% increase in its net income for the last financial year at 28.91 billion yen, which was largely due to Maruti Suzuki's incredible performance in that year.The overall sales for Suzuki Motor dipped 17.83% to 2,469.06 billion yen (about Rs 1,19,190 crore) due to overall fall in sales and appreciation of Japanese yen, a statement on Suzuki's website said. In April Maruti Suzuki India had reported an over two-fold jump in its consolidated net profit at Rs 2,624.64 crore for 2009-10.

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