toyota says annual profit accelerates to record 181bn
Last Updated : GMT 14:24:34
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Toyota says annual profit accelerates to record $18.1bn

Arab Today, arab today

Arab Today, arab today Toyota says annual profit accelerates to record $18.1bn

Toyota
Tokyo - Arab Today

Toyota said Friday its annual profit accelerated 19 percent to a record $18.1 billion as the world's biggest automaker capitalised on a weak yen and strong demand in the North American market, despite being sideswiped by a series of recalls.

The maker of the Corolla and Prius hybrid beat its earlier forecasts with the 2.17 trillion yen net profit in the fiscal year to March, driving past earnings of 1.82 trillion yen a year ago.

Revenues rose six percent to 27.23 trillion yen, while the Japanese giant predicted it would book an even bigger 2.25 trillion yen net profit in the current fiscal year.

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toyota says annual profit accelerates to record 181bn toyota says annual profit accelerates to record 181bn

 



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