Belfast Telegraph

Thursday 24 April 2014

Resurgent Toyota profits hit £2bn

Toyota's profits more than doubled to £2bn in the January-March quarter as cost cuts and better sales worked with a weakening yen to add momentum to its comeback.

Toyota reported a £790m profit for the same quarter last year. The car maker said it expects the strong results to continue into the fiscal year. It projected a £8.9bn profit, up from £6.2bn the previous year.