Monday, May 21, 2018
Close  
  • share this

Toyota Q1 net profit up 11%

05:26 AM August 05, 2017

TOKYO—Toyota said Friday its fiscal first quarter net profit jumped 11 percent to $5.6 billion with vehicle sales up in Japan and the United States, while it also lifted its annual earnings forecast.

The Corolla and Prius hybrid maker posted a net profit of 613 billion yen ($5.6 billion) in the three months to June as revenue rose 7.0 percent to 7.05 trillion yen.

Operating profit, however, fell nearly 11 percent to 574.3 billion yen, partly owing to currency fluctuations, it said.

ADVERTISEMENT

Toyota, which lost its crown as the world’s top-selling automaker in 2016, now expects profit for the year to March 2018 to come in at 1.75 trillion yen, up from an earlier 1.5 trillion yen forecast. —AFP

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, News, Toyoto
For feedback, complaints, or inquiries, contact us.
entertainment

Muhlachs say final farewell to Cheng

May 22, 2018 01:00 AM

entertainment

Keeping score with Jaime Fabregas

May 22, 2018 12:50 AM



© Copyright 1997-2018 INQUIRER.net | All Rights Reserved