HOME PAKISTAN BUSINESS WORLD SPORTS LIFE & STYLE MULTIMEDIA OPINION MAGAZINE BLOGS JOBS CLASSIFIEDS ALERTS Two found dead in five-star hotel 8: Corporate results: Suzuki profits triple in 2011 By Our Correspondent Published: March 20, 2012 Total sales, another factor of the speedy growth, rose massively by 17% to 92,339 with Bolan and Mehran leading the way. KARACHI: Suzuki faced some sharp turns in 2011 but handled them with perfection as profits more than tripled to Rs794 million. The country’s largest automobile assembler was forced to jack up prices by 8% in the year, enough to keep the sales going and protect them from strong cost pressures amid steel prices jumping 2% and the rupee depreciated by 9% against the Japanese Yuan. Exchange rate is a key determinant of profits for the automobile industry as parts are imported from Japan and then assembled in the country. Total sales, ...
Muhammad Sarfaraz Abbasi is a Pakistani financial services industry professional. He has been associated Atlas Group, Summit Capital Markets and some other renowned institutions as an Investment analyst he also served National Investment Trust Limited (NIT) which is Pakistan’s largest state owned Asset Management Company. Sarfaraz is Mutual Funds, Private Equity and Venture Capital enthusiast can be reached via twitter @ImSarfrazAbbasi