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Toyota reports record annual income

: Sunday, May 11 - 2014 @ 00:49

The world’s largest carmaker, Toyota has reported a record $17.9bn annual net profit, driven by a recovery in major markets and the weaker yen, but the Japanese automaker cautioned that earnings growth would stall this year, AFP has reported. Toyota said it had earned a net profit of ¥1.82trn ($17.9 billion) over the fiscal year to March, nearly doubling from a year earlier, as sales rose 16.4% to ¥25.69trn. Operating profit jumped to ¥2.29trn, from ¥1.32trn a year earlier, the company said.

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Sunday, May 11- 2014 @ 0:49 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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