Tuesday, May 26, 2015   

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:
Charter creates cable behemoth through Time Warner deal (18 mins ago)
EU urges quick deal on Greece bailout (22 mins ago)
Greedy, manipulative British ‘ringmaster’ at UBS rigged Libor to make piles of money, court told (27 mins ago)
D&G Technology says public float 162 times oversubscribed (1 hr 27 mins ago)
S&P downgrades Sunac China (1 hr 37 mins ago)
Apple's Jonathan Ive promoted to head of design (1 hr 38 mins ago)
IMF urges rapid moves on greater exchange rate flexibility, says yuan not undervalued (2 hrs 25 mins ago)
Hang Seng, Shanghai rally (05-26 16:19)
European stocks up at open (05-26 16:04)
Reserve ratio or interest rates cuts more likely in June: analysts (05-26 15:57)

More breaking news >>

© 2015 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 2015, 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.