The Traderszone Network

Published in TZ Latest News 7 May, 2015 by The TZ Newswire Staff

Toyota sees third straight record profit year, U.S. sales boost to offset dip elsewhere

Toyota Motor Corp said it will crank net profit up to a third straight annual record this year, as rising U.S. sales offset weaker business in Asia after last year’s bumper earnings were powered by foreign exchange gains and cost cuts. After net profit jumped 19 percent in the year ended March to 2.17 trillion yen ($18.1 billion), the world’s top-selling automaker said on Friday it expects the profit to rise 3.5 percent this fiscal year to 2.25 trillion yen. Toyota is forecasting operating profit will edge up 1.8 percent this year to 2.80 trillion yen.

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