Friday, October 31, 2014   

Toyota quarterly profit down
(05-08 17:28)

Toyota's fourth quarter profit dropped slightly despite higher vehicle sales and a weak yen as it spend more on research and development.
Toyota Motor Corp. reported Thursday a January-March profit of 297 billion yen, down from 313.9 billion yen a year earlier.
Quarterly sales rose 12.5 percent to 6.57 trillion yen.
The world's top automaker said extra costs, including research and development expenses, reduced its profit.
For the fiscal year, Toyota's profit almost doubled to 1.82 trillion yen from 962 billion yen the previous year.
Annual sales jumped 16 percent to 25.69 trillion yen, thanks to growth in the US, Japan and the rest of Asia.
Toyota forecast a 1.78 trillion yen profit for the fiscal year through March 2015. --AFP   
Other Business breaking news:
German retail sales post biggest drop for 7 years (1 hr 27 mins ago)
Hang Seng finishes higher (2 hrs 4 mins ago)
IAG airlines group logs improving Q3 profits (2 hrs 5 mins ago)
European stocks rally at open (2 hrs 39 mins ago)
Panasonic says half-year profit dives (10-31 15:53)
Nikkei soars to seven-year high (10-31 15:44)
Japan Airlines H1 net profit slips (10-31 15:43)
Sony says half-year loss balloons six-fold (10-31 15:42)
RBS sets aside 400m pounds for forex probes (10-31 15:41)
BoJ chief says at 'critical moment' for exiting deflation (10-31 15:40)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.