Suzuki Launches its Vitara Compact Sport Utility Vehicle in South Africa
Nov 19 15
Suzuki has launched its Vitara compact sport utility vehicle (SUV) in South Africa. The vehicle is powered by a 1.6-litre normally aspirated gasoline (petrol) engine mated to a 5-speed manual or 6-speed automatic transmission. It generates maximum output of 86 kW and maximum torque of 151 Nm. It comes with a choice of two-wheel or four-wheel drive and is offered in five trims: GL, GL+, GL+ AllGrip, GLZ AllGrip, and GLX auto. The Vitara has received a maximum five-star safety rating from EuroNCAP in its crash tests. The Vitara is priced from ZAR 239,900 (USD 16,831) to ZAR 319,900 (USD 22,444). Suzuki offers a three-year/100,000-kilometre (km) warranty on the vehicle and a four-year/60,000-km service plan.
Suzuki Motor Corporation Announces Consolidated Earnings Results for the First Six Months Ended September 30, 2015; Revises Earnings Guidance for the Fiscal Year Ending March 31, 2016; Announces Dividend for the Second Quarter Ended September 30, 2015, Payable on November 30, 2015; Provides Dividend Guidance for the Year Ending March 31, 2016
Nov 4 15
Suzuki announced earnings results for the first six months ended September 30, 2015. For the first half, the company announced net sales of JPY 1,555,522 million compared to JPY 1,430,689 million a year ago. Operating income was JPY 101,093 million compared to JPY 90,528 million a year ago. Ordinary income was JPY 112,095 million compared to JPY 97,248 million a year ago. Net income attributable to owners of the parent was JPY 79,051 million or JPY 145.32 per diluted share compared to JPY 53,945 million or JPY 96.14 per diluted share a year ago. Income before income taxes was JPY 148,513 million compared to JPY 96,656 million a year ago. Net cash provided by operating activities was JPY 81,715 million compared to JPY 94,551 million a year ago. Purchases of property, plant and equipment was JPY 72,880 million compared to JPY 88,580 million a year ago. The net income attributable to owners of the parent increased by JPY 25.2 billion (46.5%) to JPY 79.1 billion year-on-year mainly owing to the gain on sales of investment securities. The consolidated results for first six months were better than the previous forecast mainly because of improved result in India and recording of JPY 36.7 billion of gains from sales of ordinary shares of Volkswagen AG owned by the company. Operating profit climbed 11.7% to JPY 101 billion, driven by strong performance in its key Indian market.
For the full year ending March 31, 2016, the company expects consolidated net sales of JPY 3,100,000 million, operating income of JPY 195,000 million, ordinary income of JPY 205,000 million and net income attributable to owners of the parent of JPY 125,000 million or JPY 251.78 per share compared to previous forecast net sales of JPY 3,100,000 million, operating income of JPY 190,000 million, ordinary income of JPY 200,000 million and net income attributable to owners of the parent of JPY 110,000 million or JPY 196.09 per share. The revision has been made to the previous business forecast for fiscal year 2015, as a result of reflecting the difference for fiscal year 2015 first six months and reviewing the figures such as sales units.
The company announced dividend of JPY 15.00 per share for the second quarter ended September 30, 2015 compared to JPY 10 per share a year ago. Start of payment of cash dividends is November 30, 2015.
For the year ending March 31, 2016, the company expects year-end dividend of JPY 17.00 per share compared to JPY 17 per share a year ago.
Suzuki Motor Announces Consolidated Earnings Results for the Second Quarter Ended September 30, 2015
Nov 4 15
Suzuki Motor announced consolidated earnings results for the second quarter ended September 30, 2015. For the quarter, the company reported net profit nearly tripled from the same period last year to JPY 47.4 billion ($391 million dollars), while posting an operating profit of JPY 45.9 billion, up 16% from a year earlier. Sales rose 8.7% to 782.7 billion.