Suzuki tripled its quarterly operating profit

Article by Christian Andrei, on August 29, 2010

As sales climbed in its main Indian market, Suzuki Motor Corp. was able to triple its quarterly operating profit. Suzuki, which is 19.9% owned by Volkswagen AG and is Japan's fourth-biggest carmaker, raised its annual forecasts closer to market expectations.

The global shift in consumer preference toward minicars and subcompacts has benefited Suzuki and Hyundai Motor Co.

The shift to small cars is partly due to government incentives on purchases of environment-friendly cars. Subsidiary Maruti Suzuki, India's top carmaker, said in January that its third-quarter net profit had more than tripled.

Suzuki, which holds 54.2% in Maruti, considers India as its single-biggest market. VW took its stake in Suzuki in December 2009. For October-December, Suzuki reported a 17.99 billion yen ($201 million) operating profit, compared with a 5.78 billion yen profit a year earlier.

This result actually falls short of the average estimate of 19.40 billion yen from two analysts polled by Thomson Reuters I/B/E/S/.

Suzuki, known for its Swift and Alto hatchbacks, raised its operating profit outlook for the year ending in March from 40 billion yen to 50 billion yen. Consensus forecasts from 14 analysts put Suzuki's operating profit for the year at 65.91 billion yen.

Topics: suzuki, profit

If you liked the article, share on:


Login or Create new account to add a comment!


It wasn’t too long ago when Maserati took the wraps off what appears to be the most gorgeous concept coupe ever made. The Alfieri coupe premiered at the 2014 Geneva...
by - October 23, 2016
Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016