Toyota posts 20% drop in Q2 operating profit
Employees work on the Yaris car assembly line at the Toyota Motor Manufacturing France (TMMF) plant in Onnaing near Valenciennes, France, March 30, 2023. REUTERS/Pascal Rossignol/ File Photo
TOKYO : Toyota Motor posted a 20 per cent decline in second-quarter profit on Wednesday, as slowing sales and production volume hurt results.
The 1.2 trillion yen ($7.81 billion) operating profit compared to 1.4 trillion yen in the same period last year, and the 1.2 trillion yen average of nine analyst estimates compiled by LSEG.
($1 = 153.7100 yen)
Source: Reuters
