Toyota ekes out weakest Q1 profit in nine years


TOKYO: Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.

However, shares in Japan’s top automaker rose 2.3% in a weaker broader market as analysts had expected a loss, while comments from a company spokesman on a faster-than-expected sales recovery also provided support.

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Toyta , Lexus , China , profit , pandemic ,

   

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