Suzuki Motor Corp. scored record sales on a consolidated basis for fiscal 1999, but its group pretax profits fell due the strengthening of the yen, company executives announced Wednesday.
The Shizuoka Prefecture-based company's group sales rose 4.5 percent from the previous year to 1.52 trillion yen, due to increased minivehicle sales. But consolidated pretax profits dropped 9.1 percent to 49.6 billion yen because of the yen's appreciation, they said.
Consolidated operating profits also dipped, by 9.9 percent, to 42.6 billion yen. But, consolidated net profits rose 10.4 percent to 26.9 billion yen.