August 2, 2018 / 6:24 AM / 19 days ago

Suzuki posts 37 pct jump in Q1 profit on strong global auto sales

TOKYO, Aug 2 (Reuters) - Suzuki Motor Corp on Thursday posted a better-than-expected 37 percent jump in first-quarter operating profit on a strong rise in global automobile sales, particularly in its biggest market India.

Operating profit at Japan’s fourth-largest automaker was 116.5 billion yen ($1 billion) for April-June, versus 85.1 billion yen a year earlier. The result was stronger than an average of 97.3 billion yen based on seven analyst estimates compiled by Thomson Reuters I/B/E/S.

Suzuki maintained its full-year forecast for a 9.1 percent slide in operating profit, as it expects higher R&D costs to offset record global vehicle sales. ($1 = 111.5600 yen) (Reporting by Naomi Tajitsu; Editing by Stephen Coates)

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