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International Business Times
International Business Times
Sport
AFP News

Toyota Posts Record Yearly Net Income, Revenue

Toyota's earnings have been boosted by a weak yen and brisk sales, particularly of hybrid vehicles (Credit: AFP)

Toyota said Wednesday that it enjoyed a record net profit of 4.94 trillion yen ($31.9 billion) in the year to March on revenues of 45.1 trillion yen, which was also an all-time high.

But the world's largest automaker by sales warned net income would fall 27.8 percent this financial year to 3.57 trillion yen because of investments, according to a statement.

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