(MENAFN) The Japan-based Toyota Motor Corp. said it registered a net profit of USD17.8 billion in the financial year of 2013 which ended in March, Xinhua reported.
Local media reported that the number rose 89.5 percent compared to the previous financial year, driven by the yen's depreciation.
The biggest Japanese automaker said the group's operating profit also increased sharply by 73.5 percent, hitting USD22.50 billion, on sales of USD252.38 billion with an increase of 16.4 percent.
Toyota expects the group's operating profit for the current financial year to register USD22.60 billion, up 0.3 percent and a net profit of USD17.49 billion, down by 2.4 percent.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.