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Suzuki Motor fiscal Q2 profit climbs 24.3% YOY

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Suzuki Motor fiscal Q2 profit climbs 24.3% YOY

Suzuki Motor Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥42.26 per share, a gain of 32.4% from ¥31.91 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥22.27 billion, a gain of 24.3% from ¥17.91 billion in the year-earlier period.

The normalized profit margin climbed to 2.8% from 2.5% in the year-earlier period.

Total revenue increased 8.7% year over year to ¥782.67 billion from ¥720.29 billion, and total operating expenses grew 8.2% year over year to ¥736.74 billion from ¥680.68 billion.

Reported net income increased 188.4% year over year to ¥47.35 billion, or ¥89.87 per share, from ¥16.42 billion, or ¥29.26 per share.

As of Nov. 13, US$1 was equivalent to ¥122.78.