TOKYO (dpa) – Suzuki Motor Corp’s net profit in the July-to-September period declined 33.3 per cent from a year earlier to 16.4 billion yen (143 million dollars), the company said Thursday, amid falling domestic sales after a tax hike.
The Japanese carmaker also booked an operating profit of 39.6 billion yen, down 14.2 per cent from the same period last year, while sales rose 3.7 per cent to 720.3 billion yen.
Suzuki said overall domestic sales have not recovered since Japan raised its sales tax to 8 per cent on April 1 from 5 per cent. The carmaker also said vehicle sales in Indonesia fell 11.6 per cent from a year earlier to 37,000 units.
Suzuki maintained its net profit forecast at 115 billion yen for the current fiscal year through March 31, 2015, and operating profit outlook at 188 billion yen, while sales were predicted at 3 trillion yen.