Tuesday, 8 November 2011

Suzuki Q2 operating profit up despite India strike, keeps targeted untouched




Suzuki has maintained the growth trend, for the Operating Profit of the company is 6.2% up increased to 39.2 Billion Yen, however the Total Sales were down at 6.6% to 618.8 Billion Yen which was majorly due to loss of huge revenue due to its Indian subsidiary, Maruti Suzuki India went to stop of production due to labour unrest.
       
    Suzuki Q2 FY 2011-12  Results

·         Total Sales down 6.6% to 618.8 Billion Yen
·         Operating Profit Increased 6.2% to 39.2 Billion Yen
·         Net Profit decreased 13% to 13.3 Billion Yen

YEAR TO MARCH 2012 FORECASTS UNCHANGED

  • Operating profit forecast unchanged at 110 Billion Yen
  • Net profit forecast unchanged at 50 Billion Yen
Mr. Osamu Suzuki has maintained the targets which were set earlier and has kept those unchanged despite that Japan's major automobile makers including Toyota and Honda have also revised their forecasts downwards which are majorly due to earthquake that hit Japan on 11th March 2011.

This might help Suzuki to jump up the ladder for the Japanese market.

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