05.08.2014 - Toyota increased its profit
Corporation Toyota announced the net profit growth by 4.6% in the second quarter. The reason for the growth of financial indicators has been the growth in sales in North America (7.3%) and Europe (9.2%), which offset the decline in sales in Japan (4.6%), due to an increase in the sales tax by 3% to 8%. For the second quarter, the world's largest car manufacturer showed a net profit of 5.73 billion dollars.
In the first half of the corporation has sold 5.1 million vehicles, more than 4.97 million by Volkswagen and 4.92 million by General Motors. Given the weakening of the yen and a wide range of models, we expect continued growth of the company and recommend to keep them in long-term portfolio with the potential of growth by 20-25% per year.