Toyota Pakistan Announces 42% Drop in Profits in 3 Months

Auto

Due to Inflation and Price hike in almost every sector, the Auto sector is heavily affected by Economical crisis as Car prices are talking to the sky. Toyota Pakistan announced a report after their profits were down in the last few months.

Toyota Pakistan announces a 42% drop in profits in the last 3 Months as Prices were high and people were unable to buy. Profits for the three months ended June 30 dropped to 578.66 billion yen ($5.93 billion) as compared to its estimated average profit of 845.8 billion then which was assessed by 10 different analysts. This is a huge drop in comparison to what was made last year in the 1st quarter.

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