Toyota NZ has large jump in profit and revenue

Riley Kennedy
Fri, 05 Aug 2022

Toyota NZ has large jump in profit and revenue
Toyota NZ more than doubled its net profit in the year to March 31. (Image: Toyota)
Riley Kennedy
Fri, 05 Aug 2022
Strong consumer demand has more than doubled Toyota New Zealand’s net profit on the back of higher revenue.The Palmerston North-based offshoot of the Japanese vehicle giant said profit for the year to March 31, 2022, increased by 117% to $81.2 million, up from $37.3m in the prior year, according to its annual results filing on the NZ Companies Register.The company’s revenue increased by $172m to $1.465 billion, up from $1.293b in 2021.Despite ongoing supply constraints, changing covid-19 alert levels and extended delivery time frame...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
A2 shares plunge over FDA formula deferral
Staff reporters | Wed, 10 Aug 2022

A2 shares dropped 11% to $5.01 in early morning trading opened but made up a bit of lost ground by the end of the day.

Tourism needs to 'embrace' job-sharing to spur recovery – report
Brent Melville | Wed, 10 Aug 2022

An industry that lost more than a third of its workforce during the pandemic needs to start thinking differently about work sharing.

Primary Sector
A2 Milk gets shot down because of issues in application
Rebecca Howard | Wed, 10 Aug 2022

The FDA continues to work around the clock to address current supply challenges, including reviewing a number of requests from manufacturers for enforcement discretion, as quickly as possible, a spokesperson said. 

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).