Toyota doubles profit

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Source: Dukascopy Bank SA


In the first quarter of 2023, Toyota Motor Corporation has managed to double its quarterly profit due to larger productivity and sales. In addition, the company's profits have increased due to the weak Japanese Yen, as costs are paid out in Yen, but most income is in foreign currency.

The news have caused a 2.30% jump of the company's stock price on the New York Stock Exchange. Since May 30, the shares have gained almost 30.00% and reached mid-2022 levels.
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