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Agencies
Toyota, the world’s largest carmaker by sales, reported on Wednesday a record annual net profit of more than $30 billion but warned that the current year would be less spectacular.
Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant’s bottom line doubled to $31.9 billion in the year to March while revenues rose 21.4% to 45.1 trillion yen, also an all-time high.”Under the banner of ‘carbon is the enemy,’ Toyota has done what it can to achieve carbon neutrality and make hybrid cars more prevalent,” said chief financial officer Yoichi Miyazaki.
