Toyota Q1 net rises 32 pc
Japan’s Toyota Motor said on Friday fast-growing sales of fuel efficient vehicles and a weaker yen lifted its profits up 32% to a record high in the fiscal first quarter.
By Agencies |
TOKYO: Japan’s Toyota Motor said on Friday fast-growing sales of fuel efficient vehicles and a weaker yen lifted its profits up 32% to a record high in the fiscal first quarter.
But Toyota, which is battling US rival General Motors for the title of the world’s top selling automaker, maintained its cautious outlook for the full-year, predicting roughly stable earnings.
Net earnings came to 491.54 billion yen ($4.12 billion) in the three months to June, up 32.3% from a year earlier, a company statement said.
But Toyota, which is battling US rival General Motors for the title of the world’s top selling automaker, maintained its cautious outlook for the full-year, predicting roughly stable earnings.
Net earnings came to 491.54 billion yen ($4.12 billion) in the three months to June, up 32.3% from a year earlier, a company statement said.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
