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Aug
5
2012

Toyota reported a net profit growth of 250 times!?!


Toyota reported a net profit growth of 250 times!?!
Toyota Increase Profit.JPG


Toyota manages to recover from losses suffered in 2011, when Japanese operations were affected by powerful earthquake followed by tsunami in March.

Statistics show that in June, at the end of the first fiscal quarter of this year, the net profit at Toyota rose 250 times, from 1.6 billion yen (amount recorded in the corresponding period of 2011 ) to 290.3 billion yen ($ 3.7 billion). The result exceeded expectations even analysts who predicted a net profit of 250.65 billion yen.

Sales turnover increased by 60 percent, from 3.441 billion to 5.502 billion yen. Initially, people at Toyota have proposed in this fiscal year to produce 9.76 million vehicles. Japanese company has changed the production target and hope to reach 10.5 million cars.




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Toyota reported a net profit growth of 250 times!?!

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