Toyota reports 14.5 pct drop in profit on yen, sales fall

August 4, 2016 6:40 AM

28 0

TOKYO – Toyota Motor Corp. is reporting a 14.5 percent drop in profit for the fiscal first quarter as sales fell and a strong yen slashed earnings for the Japanese automaker.

Toyota reported Thursday a 552.4 billion yen ($5.4 billion) profit for April-June, down from 646.3 billion yen the same period a year earlier.

Also read: Fed's Kaplan says he has no problem with being 'restrictive'

Read more

To category page