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Toyota posts record group net profit in FY 2013

English.news.cn   2014-05-08 16:06:11

TOKYO, May 8 (Xinhua) -- Japan's Toyota Motor Corp. said Thursday it logged a record 1.82 trillion yen (about 17.8 billion U.S. dollars) in group net profit for fiscal year of 2013 ended in March.

The number sees a rise of 89.5 percent from the previous year, supported by the yen's depreciation, local media reported.

Toyota, Japan's biggest automaker, says its group operating profit also jumped sharply, which soared 73.5 percent to a record 22.50 billion dollars, on sales of 252.38 billion dollars, up 16.4 percent.

Japanese yen has weakened by nearly 18 percent against the dollar since the start of 2013 amid aggressive measures taken by the government, which benefited firms which rely on export greatly.

For the current fiscal year, which began in April 1, Toyota is expecting a group operating profit of 22.60 billion dollars, up 0. 3 percent and a net profit of 17.49 billion dollars, down 2.4 percent, on sales of 252.48 trillion yen, almost unchanged from the preceding year.

Editor: Yang Yi
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