SUZUKI’S net profit for the current financial year was expected to jump 11 percent to ¥50 billion (R4.2bn) as the car maker focused on emerging markets such as India and China, the company said in Tokyo yesterday.
|||SUZUKI’S net profit for the current financial year was expected to jump 11 percent to ¥50 billion (R4.2bn) as the car maker focused on emerging markets such as India and China, the company said in Tokyo yesterday.
Suzuki said its operating profit for the year to March 2012 would climb 2.9 percent to ¥110bn while sales revenues would be ¥2.6 trillion, little changed from the year before.
The company expected its global production of four-wheel vehicles to decline in the first half of the financial year in the aftermath of the March earthquake and tsunami in Japan, which closed factories and disrupted supply chains.
However, the vehicle manufacturer said it was planning to boost full-year production by raising output in the latter half of the year. Such an increase would result in a 5.6 percent hike in global production for the year to 3.04 million units.
Suzuki president Osamu Suzuki said the firm would need to decentralise its production to reduce risks posed by natural or nuclear disasters. The car maker is located 40km west of the Hamaoka nuclear power plant, which is near a geological fault line. – Sapa-dpa
Source: http://www.iol.co.za/suzuki-says-profit-may-jump-11-1.1088047
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