Toyota, the world s top-selling automaker, logged a $8.2 billion first-quarter net profit.
TOKYO: Toyota said Wednesday that net profit jumped more than 460% in the first quarter, boosted by strong sales fuelled by the recovery from the coronavirus crisis.
The world s top-selling automaker logged a 897.8 billion yen ($8.2 billion) net profit for the three months to June, a record for the first quarter and up from 158.8 billion yen in the same period last year.
But it left its full-year net profit forecast unchanged at 2.3 trillion yen, citing uncertainties in and after the second quarter .
Toyota has bounced back quicker from the impact of the Covid-19 pandemic than its competitors, reclaiming the title of top-selling automaker last year.
Sony Upgrades Profit Outlook On Strong Q1 Performance By Shingo ITO
08/04/21 AT 3:57 AM
Sony upgraded its full-year profit forecast Wednesday on the back of a strong quarterly performance, although the pandemic boom enjoyed by the gaming sector is slowing.
The Japanese conglomerate said solid earnings in its music and consumer electronics businesses offset a first-quarter operating profit decline in the gaming sector.
A box-office triumph for the anime epic Demon Slayer , distributed by Sony s animation unit Aniplex, also boosted its better-than-expected quarterly results.
Sony Group now predicts a net profit of 700 billion yen ($6.4 billion) for the fiscal year to March 2022, up from its earlier estimate of 660 billion yen.
Toyota net profit soars over fivefold to first-quarter record Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Toyota Motor Corp. reported an over fivefold year-on-year increase in net profit to a record ¥897.83 billion in the April-June quarter, fueled by robust overseas sales. | BLOOMBERG
AFP-JIJI Aug 4, 2021
Toyota Motor Corp.’s net profit soared more than fivefold in the first quarter as strong sales were fueled by the recovery from the coronavirus crisis, but the firm left its annual forecast unchanged citing “uncertainties” ahead.
Toyota Net Profit Hits Q1 Record But Forecast Unchanged By Shingo ITO
08/04/21 AT 3:41 AM
Toyota s net profit soared more than fivefold in the first quarter as strong sales were fuelled by the recovery from the coronavirus crisis, but the firm left its annual forecast unchanged Wednesday citing uncertainties ahead.
The world s top-selling automaker has bounced back quicker than its competitors from the impact of Covid-19 lockdowns, reclaiming the top spot for sales last year.
The Japanese giant has also so far weathered a global chip shortage that has forced rivals to slash production targets, although it is now facing some disruption.
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