India's Maruti Udyog FY net profit up 31.4 pct; sells record units UPDATE |
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Tue, 24 Apr 2007 12:43
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(Updates with further details)MUMBAI (Thomson Financial) - India's Maruti Udyog Ltd said record vehicles sales, including exports, contributed to a healthy rise in full year and fourth quarter pretax profits.The automobile manufacturer, which is 54.2 pct owned by Japan's Suzuki Motor Corp, said it sold a record 674,924 units, including exports of 39,925 units as fourth-quarter net profit surged to 4.48 bln rupees from 3.61 bln rupees a year ago.The company's shares closed at 794.40 rupees on the Bombay Stock Exchange, up 3.52 pct from yesterday.Maruti said pretax profit for the quarter was 6.69 bln rupees, compared with 5.25 bln rupees a year ago. Total income for the quarter rose to 46.35 bln rupees from 33.92 bln rupees.Full-year pretax rose 30.3 pct to 22.80 bln rupees, while net profit was up 31.4 pct at 15.62 bln rupees.The company announced a final dividend of 4.50 rupees per share.ami.shah@thomson.comami/man/raCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Suzuki Motor's Indian sales seen surpassing Japanese sales in FY2007 - report 