08:53     04 November 2021    

Toyota Motor Corporation said that it booked a sales revenue of ¥6.8 trillion ($59.3 billion) in the second quarter of its fiscal 2022, down 11% down on a yearly basis.

Toyota Motor Corporation said that it booked a sales revenue of ¥6.8 trillion ($59.3 billion) in the second quarter of its fiscal 2022, down 11% down on a yearly basis, Baku Tribune reports citing Breaking News. The company's basic earnings per share (EPS) landed ¥33.66 ($0.29), down when compared to the ¥45.01 ($0.39), seen in the three-month period of 2020, while its net income decreased by 24% year-on-year to ¥481.7 billion ($4.2 billion). "Our results for the first half of the fiscal year reflect our enhanced cost reduction activities and efforts to make more efficient use of fixed costs, while enhancing the product appeal by making “ever-better cars” and investing for growth," the statement read. "We will keep improving our operation to standardize what we have learned from COVID-19," it added.