Suzuki Motor Q1 profit falls 17 pct, keeps forecasts

Newswire

TOKYO, July 31 (Reuters) - Suzuki Motor Corp on Thursday reported a 17 percent fall in quarterly profit as rising raw materials costs erased its gains from higher sales, and it kept its forecasts without the help of more favourable currency rates. April-June operating profit at Suzuki was 33.80 billion yen ($313.1 million), compared with an average estimate of 36.0 billion yen in a Reuters poll of eight brokerages. First-quarter net profit rose 6.9 percent to 26.03 billion yen on revenue ...

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