TOKYO (MarketWatch) -- Toyota Motor Corp. Tuesday said it swung to a net profit of 209.46 billion yen ($2.26 billion) in the fiscal year which ended in March, reversing a year-ago loss, and predicted the current year would also be more profitable despite its recent plague of recall woes.
The auto giant posted a loss of 437 billion yen in the previous year.
Operating profit for the latest full year came to 147.52 billion yen, on sales of 18.951 trillion yen.
Consolidated vehicle sales for the fiscal year totaled 7.24 million units, a decrease of 330,000 units from the last fiscal year, the company said.
Read more http://www.marketwatch.com/story/toyota-swings-to-full-year-net-profit-2010-05-11?dist=beforebell
The auto giant posted a loss of 437 billion yen in the previous year.
Operating profit for the latest full year came to 147.52 billion yen, on sales of 18.951 trillion yen.
Consolidated vehicle sales for the fiscal year totaled 7.24 million units, a decrease of 330,000 units from the last fiscal year, the company said.
Read more http://www.marketwatch.com/story/toyota-swings-to-full-year-net-profit-2010-05-11?dist=beforebell