AlHijjah 24, 1433, Nov 9, 2012, SPA -- Suzuki Motor Corp said Friday its net profit for the July-to-September quarter jumped 23.8 per cent year-on-year to 17.4 billion yen (219 million dollars) because of cost cutting and robust domestic sales. For the first half of the current financial year from April, domestic sales rose 14.8 per cent from a year earlier to 515.1 billion yen in a strong recovery from the March 2011 earthquake and tsunami, while overseas sales were down 8.5 per cent to 711.7 billion yen due to the eurozone crisis and the yen's rise, dpa quoted Suzuki as saying. Year-on-year, quarterly operating profit fell 22.1 per cent to 30.5 billion yen for the July-to-September quarter while sales were down 5.9 per cent to 582 billion yen. Suzuki maintained its net profit outlook for the current financial year at 70 billion yen.
