Hino was back in profit in the April-December period from a loss a year earlier, as sales soared in Japan and abroad, Dow Jones Newswires said.
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The company, 50.1% owned by Toyota Motor, posted a group net profit of Y22.15 billion for the nine-month period, compared with a loss of Y466 million a year earlier, the report said.
According to Dow Jones, Hino’s group operating profit more than quadrupled to Y34.38 billion from Y7.75 billion a year ago while sales surged 26% to Y756.67 billion from Y601.36 billion.
The Hino parent company posted a pretax profit of Y27.10 billion, Dow Jones added, noting that the result was a huge improvement from a year-earlier profit of Y8.31 billion, while parent company sales for the nine-month period reached Y619.96 billion, up 35% from Y485.22 billion.
The Dow Jones report said Japanese sales of trucks and buses came to a combined 36,372 vehicles, up from 22,849 vehicles a year earlier while, in export markets, the company sold 26,046 vehicles during April-December, up from 18,952 vehicles a year ago.
