Business
Toyota reports profit growth on healthy global sales
Japan’s top automaker Toyota has seen a 1% rise in July-September profit as vehicle sales grew around the world.nToyota Motor Corp. reported Thursday a profit of 592 billion yen ($5.4 billion) for the second fiscal quarter, up from 585 billion yen last year. Toyota, which makes the Prius hybrid, Corolla subcompact and Lexus luxury models, stuck to its net profit forecast for the fiscal year through March 2020, at 2.15 trillion yen ($20 billion).
That would be an improvement over the 1.88 trillion yen earned in the year ended in March.
Vehicle sales for the latest quarter grew not only in Japan but also overseas, including the U.S., the rest of Asia and Europe. Quarterly sales rose 4% to 7.6 trillion yen ($70 billion), compared to the previous year.
-
Economy2 days agoNigeria Sovereign Investment Authority announces winners of $275,000 prize for innovation
-
Finance2 days agoAirtel Money reports 25% growth in first-half revenue in maiden results
-
Economy2 days agoFG targets single-digit inflation by end-2027 to unlock cheaper borrowing— Oyedele
-
News2 days agoEFCC arrests 14 Chinese nationals in Nigeria for operating illegal lithium processing plants
-
Maritime2 days agoNIMASA, ITF signs MOU on Seafarer wellbeing, MoU First in Africa—ITF
-
Oil and Gas2 days agoHoneywell Technologies launches new AI platform at Dangote’s Nigeria refinery
-
Finance23 hours agoUBA seeks jail term for WEMPCO directors, intensifies N61bn loan recovery drive
-
Oil and Gas23 hours agoBayelsa suspends oil firm’s land acquisition over fatal community dispute