The world's biggest automaker by sales also warned that it remained difficult to predict the future after posting its fourth consecutive quarterly profit decline, underlining the strength of business headwinds it faces.
TOKYO, Feb 10 ― Toyota said today that net profit soared 50 per cent in the third quarter and upgraded its full-year forecasts as the global auto industry gradually recovers from the coronavirus pandemic. The world's top carmaker said it made ¥838.7 billion (RM32.3 billion) in the three months.
Toyota Net Profit Soars In Q3, Hikes Full-Year Outlook
Toyota said it saw net profit at 1.90 trillion yen for the fiscal year to March, compared with its earlier estimate of 1.42 trillion yen. By AFP | Published:
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Toyota has said it saw net profit at 1.90 trillion yen for the fiscal year to March
Toyota said Wednesday that net profit soared 50 percent in the third quarter and upgraded its full-year forecasts as the global auto industry gradually recovers from the pandemic. The world s top carmaker made 838.7 billion yen ($8.0 billion) in the three months to December, compared with 559.3 billion yen a year earlier, it said as it revised up full-year forecasts for the second straight quarter.