Subaru says full-year profit rose 16% braces for coronavirus impact

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Subaru Corp on Monday posted a 15.7 per cent rise in annual operating profit in the year that ended in March as it recovered from production ...

TOKYO: Subaru Corp on Monday posted a 15.7 per cent rise in annual operating profit in the year that ended in March as it recovered from production delays and product recalls last year, but warned of uncertainties from the coronavirus outbreak this year.

It saw a 3 per cent rise in global vehicle sales in the year to March to 1.03 million units, bouncing back from last year, when a defective steering component and measures to improve inspection tests had stopped output for two weeks at its sole assembly plant in Japan.

 

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