The Japanese automobile company “Toyota Motor Corp.” posted a net profit of 2.59 trillion yen (16.1 billion euros) in the first six months of this business year, which ended in September, more than doubling from the same period a year ago, the automaker said in a statement on Wednesday.
Profits have increased as supply network disruptions, especially semiconductor shortages, have slowed down the car industry worldwide since the beginning of 2021.
Also, the company has observed strong demand for its cars, especially in Japan, North America and Europe.
The volume of sales of “Toyota” increased by almost a quarter in the first half of the year and amounted to 21.98 trillion yen.
At the same time, the company sold 5.172 million cars in the first half of the year.
Toyota on Wednesday also raised its profit forecast for the business year to 3.95 trillion yen, up from 2.58 trillion yen previously forecast.
It has already been reported that “Toyota” retained the title of the world’s largest car manufacturer last year, as its sales volume exceeded the sales volume of the German automotive concern “Volkswagen” for the third year in a row.
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2023-11-01 10:15:29
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