TOKYO, Aug 2 (Reuters) - Suzuki Motor Corp on Thursday posted a better-than-expected 37 percent jump in first-quarter operating profit on a strong rise in global automobile sales, particularly in its biggest market India.
Operating profit at Japan’s fourth-largest automaker was 116.5 billion yen ($1 billion) for April-June, versus 85.1 billion yen a year earlier. The result was stronger than an average of 97.3 billion yen based on seven analyst estimates compiled by Thomson Reuters I/B/E/S.
Suzuki maintained its full-year forecast for a 9.1 percent slide in operating profit, as it expects higher R&D costs to offset record global vehicle sales. ($1 = 111.5600 yen) (Reporting by Naomi Tajitsu; Editing by Stephen Coates)