Toyota releases financial results, predicts profits will double in 2012

Toyota releases financial results, predicts profits will double in 2012

May 10, 2012 by · Leave a Comment 

Filed under: Toyota , Earnings/Financials Things are good again at Toyota , which reported a $1.5 billion profit for the quarter, wrapping up a fiscal year in which it made just $3.5 billion, according to Business Week . While Toyota saw sales growth in Europe, Africa, and its home market, North America was a weak point. Sales revenue for the fiscal year totaled $232 billion, down two percent, according to the report. Though the company still beat its forecast of $2.5 billion, the real excitement surrounds its projections for the next 12 months. As predicted by analysts , Toyota says it expects to make $9.5 billion in the year that extends through March of next year, showing that the automaker has fully recovered from the effects of last year’s tsunami , according to the report. Toyota releases financial results, predicts profits will double in 2012 originally appeared on Autoblog on Wed, 09 May 2012 18:30:00 EST. Please see our terms for use of feeds . Permalink

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