News Column

Toyota Raises Profit Outlook to Record 2.4 Trillion Yen

February 4, 2014

Tokyo , February 04 (QNA) - Toyota Motor Corp. on Tuesday revised upward its group operating profit projection for fiscal 2013 through March to a record 2.4 trillion yen from an earlier estimated 2.2 trillion yen , boosted by the yen's slide and cost-cutting measures. The full-year operating profit estimate eclipses the previous record of 2.27 trillion yen marked in fiscal 2007 before the global financial crisis that erupted in 2008, ( Kyodo ) news agency reported. Japan's top automaker also raised its group net profit estimate for the business year to 1.9 trillion yen , up from the previously projected 1.67 trillion yen , on sales of 25.5 trillion yen , up from 25 trillion yen forecast in November. (QNA)

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Source: Qatar News Agency

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