Business & Finance

Toyota posts 17% rise in Q1 operating profit

Published August 1, 2024 Updated August 1, 2024 11:22am
By

TOKYO: Toyota Motor posted a 17% rise in first-quarter operating profit at 1.3 trillion yen ($8.70 billion) on Thursday, with results boosted by a weak yen and cost reduction efforts.

Toyota, affiliates to offload some $1bn in Aisin shares

The result compared to 1.1 trillion yen in the same period last year, and the 1.3 trillion yen average of six analyst estimates compiled by LSEG.