Toyota says profit to tumble 35% on forex, emerging market slowdown
Tokyo
Tokyo - Arab Today
Toyota on Wednesday warned that its net profit in the current fiscal year would fall by about one-third as a strengthening yen and slowdown in China and other emerging markets dent its bottom line.
The world's biggest automaker said its new forecast for the year to March 2017 does not include the impact of plant shutdowns linked to Japan's deadly earthquakes last month.
The announcement came as Toyota reported a record profit of 2.31 trillion yen ($21 billion) in its recently ended business year.
- Wednesday ,12 December GMT 08:26 2018 Australian government discusses moving Israel embassy to Jerusalem
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen linksGMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomatGMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathonGMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit dealGMT 08:26 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to JerusalemGMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staffGMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West BankRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 09:55 2015 Sunday ,03 May
Ireland's 'Singing Priest' becomes global sensation
GMT 12:15 2017 Saturday ,06 May
Met Opera faces questions as it marks big anniversary
GMT 13:21 2014 Thursday ,24 April
French duo sets highest Base jump record from Burj Khalifa
GMT 13:34 2012 Monday ,19 November
Damac extends deals in Iraq
GMT 07:36 2017 Monday ,06 February
Almost 2.5 m assaults on British police officers in one yearGMT 07:56 2011 Saturday ,27 August
U.S. agency accuses S. Korean firms of unfair trade
GMT 08:56 2017 Wednesday ,09 August
Saudi prince blames Qatar’s regime for attempts to politicize Hajj
GMT 07:45 2018 Friday ,05 January
Jailed Catalan ex-vice president in court to seek release
GMT 00:32 2014 Friday ,19 September
UN body to discuss radio frequency spectrum for satellite trackingGMT 12:20 2011 Monday ,11 July
HTC Thunderbolt is the most expensive phone
GMT 13:11 2017 Sunday ,17 December
Eight killed in pre-Christmas suicide bomb attack on Pakistan church
GMT 10:44 2017 Tuesday ,08 August
Panic as earthquake rocks coastal town popular with BritsGMT 06:57 2012 Thursday ,24 May
Seagrass can combat climate change
GMT 20:32 2018 Friday ,30 November
Turkey hails China's 1st import expo, gets ready for next sessionGMT 04:11 2012 Friday ,18 May
China \'concerned\' over Europe woes
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor