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Thursday, May 31, 2007

Toyota Tsusho makes a profit

Toyota Tsusho (South Sea) Limited, a company listed on the South Pacific Stock Exchange in Suva, Fiji, has made a net profit after tax of F$2.8 million for the period ending 31 March 2007. Of the F$2.8 million, F$1.6 million was contributed by the company's Fiji operations.

The result was lower than that recorded in the same period in 2006.

The company has attributed its lower results to lower new vehicle sales due to the current economic conditions. Its rental car business, run as Avis, also produced lower results due to the downturn in tourism.

Toyota Tsusho trades as Asco Motors in Fiji and has branches in Fiji, Tonga, Samoa and American Samoa.

Toyota Tsusho's share price as at 30 May 2007 was F$2.06.

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