Suzuki posts 33 percent drop in third-quarter operating profit

Suzuki Motor Corp on Tuesday reported a 33 percent drop in third-quarter operating profit, stung by the negative impact of depreciating emerging market currencies, particularly the Indian rupee, and higher selling costs.

Japan's fourth-biggest automaker posted profit of 58.0 billion yen ($528.09 million) for October-December, from 86.96 billion yen in the same period a year earlier.

The result compared with the 82.59 billion yen median of 10 analyst estimates compiled by Refinitiv.

Suzuki kept its full-year operating profit forecast at 350 billion yen.

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