Categories
Media

Toyota’s sales, profit skids down

Toyota Motor said, both their group sales and operating profit have fallen for the first time in 5 years.

Sales for the business year that ended in March stood at more than 240 billion dollars. That’s down 2.8 percent in yen terms from a year earlier. Operating profit dropped 30 percent, to 17.5 billion dollars. The company attributes the declines mainly to the stronger yen lower demands and expenses on Research and Development and company going  to  path of green label.

Toyota expects group sales to drop 0.4 percent and operating profit to fall by nearly 20 percent this fiscal year, for a second straight year of decline.

By Naresh Sagar

Mentor MSME, Motivator, Media Event Org, Management fiscal & Water management.Social Media branding,Internet broadcasters,Propunder of Indian Philosophy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s