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Toyota Boosts Outlook after Net Profit Jumps 23%
Toyota Motor Corp. netted 99.9 billion yen (€793 million) in the fiscal third quarter ended Dec. 31 compared with 80.9 billion yen (€642 million) in the same period of 2011.
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Toyota Motor Corp. netted 99.9 billion yen (€793 million) in the fiscal third quarter ended Dec. 31 compared with 80.9 billion yen (€642 million) in the same period of 2011.
Quarterly revenue climbed 9% year over year to 5.3 trillion yen (€42.2 billion). Sales rose 7% to 2.11 million vehicles.
Toyota's European operating earnings fell 12% to 9.3 billion yen (€74 million) in the October-December period. Revenue slipped 4% to 508.4 billion yen (€4 billion).
The company now expects better results for the fiscal year ending March 31 because of the weakening yen and robust U.S. sales. Toyota hiked its forecast for full-year revenue 2% to 21.8 trillion yen (€173 billion), net earnings 10% to 860 billion yen €6.8 billion), operating profit 9% to 1.2 trillion yen (€9.5 billion) and global sales by 100,000 units to 8.85 million vehicles.
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