You are here

Toyota posts record Q1 profit, maintains full-year forecast

[TOKYO] Japanese car giant Toyota on Friday posted a record first-quarter net profit, but left its full-year forecast unchanged owing to concerns over global trade frictions.

The firm said profit rose 7.2 per cent to 657.3 billion yen (S$8.1 billion) in April-June, its highest first-quarter result. It maintained its forecast that for the fiscal year to March 2019 net profit would fall 15 per cent.

AFP

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes