Toyota Motor interim net profit up 11.4 percent to hit record high
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TOKYO : Japan&#39;s top carmaker Toyota Motor said its interim net profit rose 11.4 percent to a record 584 billion yen (5.5 billion dollars) thanks to brisk sales both at home and overseas.
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The airline said fourth-quarter net income rose to $111 million compared to a year-earlier profit of $57 million, But it warned that fuel costs in the current quarter will rise substantially.
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Toyotaâs profit for the October-December quarter rose 7.5 percent from the previous year as booming sales in China, Africa and South America offset declining U.S. sales and a stronger yen.
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Toyota's reports a strong rise in quarterly profits despite sales being stagnant in its home market.
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Volkswagen AG , the world's fourth-largest carmaker, reported a better-than-expected full-year operating profit on Tuesday and forecast a further improvement this year, sending its shares sharply higher.
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Toyota Motor Corp (7203.T) will  charge further into emerging car markets aiming to achieve  another year of record sales in 2008, likely cementing its  title as the world's biggest automaker ahead of General Motors  Corp .
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Toyota said its profit rose 7.5 percent in the October-to-December quarter as its strategy of shifting its focus to emerging markets appears to be paying off.
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Business software maker Oracle Corp. on Thursday said its fiscal fourth profit rose 27 percent on record revenue as sales surged across most of its business lines and geographic regions.
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The record finish capped a four-month rally driven by corporate buyouts, strong profits and stock buybacks.
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Toyota Motor Corp (7203.T) expects its  global production in 2008 to expand to about 9.9 million  vehicles, about 500,000 units more than the projection for this  year, the Nikkei business daily reported on Sunday.
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Toyota reported a profit of $2.8 billion for the July-September quarter, down 1 percent from $2.836 billion a year ago. The auto maker recorded group net profit of $5.
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Record oil prices lifted Exxonâs fourth-quarter earnings to $11.66 billion, the highest ever operating profit by a U.S. company.
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Leading electronics maker Sharp said interim net profit rose 40.7 percent to a record high on robust sales of liquid crystal display TVs and camera-equipped cellphones but it cautioned on the outlook due to the possible impact of high oil prices on global economic growth.
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Online auctioneer eBay Inc. said Wednesday that its profit jumped 44 percent in the fourth quarter as the company saw a record level of auction listings and a sharp rise in buyers and sellers.
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Diversified manufacturer Johnson Controls Inc  said on Friday that quarterly earnings jumped 45 percent on strength in its building controls and automotive interiors businesses.
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Deere & Co. , the world's largest  maker of agricultural equipment, reported higher-than-expected  quarterly profit on Wednesday and raised its fiscal-year  outlook, sending its shares up as much as nearly 11 percent to  an all-time high.
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Japan's Suzuki Motor Corp booked a  better-than-expected 23 percent jump in quarterly profit as its  Swift, SX4 and other compact cars powered a robust global sales  growth amid record-high fuel prices.