💠💠Suzuki Motor Corp on Monday said its consolidated net sales declined by 80 billion yen (8.1 %) to 907.5 billion yen in the April-June quarter as compared to the year-ago period, mainly hit by slip in Indian sales as well as cut in production in Japan.
The company said the operating income decreased by 53.8 billion yen to 62.7 billion yen, down 46.2 % and net income attributable to owners of the parent declined by 45.4 billion yen (52.8 %) to 40.5 billion yen on a year-on-year basis.
"Net sales and income of this first quarter (April to June 2019) decreased owing to decrease in Japan production due to restructuring of final inspection structure, as well as decrease in Indian automobile sales due to slowdown in overall market," Suzuki Motor Corp said in a statement.
NEWS AND PIC CREDIT MINT
Regards,
AMIT KONAR
Proprietor
KONAR TRADE TALK ™