India's top carmaker 02/03 profit up 40 pct yr/yr

Newswire

NEW DELHI, May 21 (Reuters) - India's largest carmaker, Maruti Udyog Ltd, a unit of Japan's Suzuki Motor Corp, said on Wednesday its net profit in 2002/03 jumped 40.1 percent to 1.464 billion rupees from 1.045 billion the previous year. The automaker, poised for a public issue later this year, said in a statement total revenue in the past year to March 2003 was 0.3 percent higher at 94.26 billion rupees from 93.989 billion a year earlier.

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