TOKYO : Toyota Motor Corp on Wednesday reported a 33 per cent fall in quarterly profit, as a sliding yen and solid demand failed to offset the impact of production disruptions caused by a global shortage of chips and China's COVID restrictions.
The world's biggest automaker by sales posted an operating profit of 463.8 billion yen in the January-March quarter, well below an average estimate of 521.1 billion yen from seven analysts surveyed by Refinitiv.
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »