Business & Economy

Toyota records net profit of $8.2 billion during Apr-June quarter

Tokyo, Aug 4 (EFE).- The world’s largest vehicle manufacturer, Toyota Motor, said Wednesday it recorded a net profit of 897.8 billion yen ($8.2 billion) in the April-June quarter, a 465.36 percent increase year-on-year.

According to the company statement, Toyota also logged a gross operating profit (EBITDA) of 1.25 trillion yen, a 963.62 percent increase year-on-year.

During Apr-June, the first quarter of the Japanese fiscal year, Toyota managed to increase its operating profit by more than 7,000 percent to 997.4 billion yen and revenues by 72.48 percent to 7.93 trillion yen compared to the same period last year.

The company underlined that these results underlined a stable sales and supply, despite semiconductor shortages and the Covid-19 crisis. EFE


Related Articles

Back to top button