Toyota Q3 Profits Continue to Rise

07 February 2007

TOKYO: Toyota Motor reported a 7.3% jump in quarterly profit, with booming sales in North America and Europe offsetting sluggish demand in Japan. The company recorded group net profit of ¥426.7 billion ($3.55bn; €2.74bn; £1.8bn) in the three months ended December 31, up from ¥397.6bn the same period of 2005.

Fiscal third quarter sales climbed 15.2% to ¥6.147 trillion from the year-ago period. The company says the remodelled RAV 4 SUV and Camry mid-sized sedan sold briskly in North America and demand was strong for the Yaris compact in Europe.

For the current fiscal year, which ends in March, Toyota maintained its net profit projection of ¥1.55tn, its operating profit outlook of ¥2.2tn and its group sales forecast of ¥23.2tn.

Data sourced from Wall Street Journal Online; additional content by WARC staff