TOKYO: Toyota Motor Corp has reported a record quarterly operating profit of 997.49 billion yen (US$9.15bil or RM38.64bil) as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.
Operating profit at Japan’s biggest automaker for the three months ended June 30 was higher than an average estimate of 752 billion yen (RM29.14bil) based on 10 analysts polled by Refinitiv, and well above 13.9 billion in the pandemic-hit first quarter a year earlier.Profit for the latest quarter was also boosted by favourable foreign exchange movements.
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