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  1. Toyota posted a surprisingly large 209.4 billion yen ($2.2 billion) profit for their fiscal year, which concluded on March 31. The amount was a massive improvement over their previous annual net total, a 437 billion yen loss. Despite the profit, vehicle sales fell by 4.36% to 7.24 million. Even though the company sold 330,000 less units, company officials still expect the next fiscal year's income to improve by 48%, totaling 310 billion yen. The profit is nothing short of a triumph for Toyota, dogged by the aftermath of several recall scandals that affected at least nine million vehicles worldwide. Toyota is under fire in the U.S. where government agencies are investigating how the automaker announces recalls, and the timeliness of their actions. U.S. law stipulates that automakers must make notifications of safety problems in their vehicles within five days of discovering the issue. Many of Toyota's most popular vehicles have been the center of attention due to accusations of malfunctioning acceleration, braking, and steering mechanisms. Several lawsuits have already been filed against the company by consumers and shareholders, while the automaker has had to pay a $16.4 million fine levied by the U.S. government. Source: nytimes.com
  2. SYF77

    A great start for Kia

    Due to stronger sales and equity gains from affiliated companies, Kia Motors was able to quadruple its net profit in the first quarter. In a regulatory filing, Kia disclosed that it earned 398.6 billion won in the three months ended March 31. For the same period last year, Kia reported a net profit of 97.4 billion won. Kia reported that sales for the quarter increased by 39% to 4.86 trillion won from 3.5 trillion won a year earlier. Kia and Hyundai Motor Co. form the world
  3. This whole recession thing has been good to Kia. Buyers have skidded away from high-riding luxury barges faster than cockroaches from a kitchen light and right into the loving arms of the Korean automaker's well-equipped, smartly priced, and newly competent products. As a result, the company has reportedly seen its net profits quadruple in the first three months of this year. Kia managed to rake in a total of $358 million dollars from January to March, compared to $88.2 million during the same period in 2009. Much of the boost came from the fact that the company's global sales have exploded this year thanks in part to the new Sorento, Forte and Forte Koup. Kia moved 474,635 vehicles during the first-quarter of 2010
  4. Beating analyst expectations, Ford posted a $2.08 (
  5. I have been going thru sgcarmart after the COE surge last week...it seems that those who have purchased their cars last year should be sitting on profits now if they sell? Just an example, I understand Scirocco 1.4l was sold at $88.8K during launch in May 09. Now 2nd hand car dealers are trying to sell at $103K. scirocco That is like almost $15K of profit! Even if the dealer is to take a cut of $5K, the car owner would still be able to get $10K of profit? Am I missing something here?
  6. ExxonMobil profit at 6 billion dollars in fourth quarter AFP - Tuesday, February 2SendIM StoryPrint. ExxonMobil said its fourth quarter profit fell 23 percent from a year ago to 6.05 billion dollars, a figure better than market expectations. WASHINGTON (AFP) -
  7. believe this co sells cars on consignment. Anybody ever sold thru it & knows what is the markup above the price given to seller?
  8. http://www.onemotoring.com.sg/publish/onem...Cost_Update.pdf Many of us were speculating the profits of the local AD as to how much they make per car. So the truth is seen above.
  9. Was making some calculations, and I was amazed that the quoy=ted price of a B.M.W. 120I A/T ABS D/AIRBAG 2WD 2DR SOFTTOP is $158800, while basic cost is $105924. That would make a $52876 profit for the dealer. Source: http://www.onemotoring.com.sg/publish/onem...Cost_Update.pdf Then looking at the list again, an AUDI A3 2.0 TFSI QU AT ABS D/AIRBAG 3DR TURBO would have a profit of $54313. FORD MONDEO 2.3 AUTO 4DR $34559 HONDA ACCORD 2.0L $13842 HONDA ACCORD 2.4L $16633 HONDA CIVIC 1.6L 5AT $15656 HONDA JAZZ 1.3L AT $7176 HONDA ODYSSEY 2.4 A $20083 HONDA STREAM 1.8L SUNROOF ALLOY WHEEL AT $8240 HYUNDAI AVANTE (HD) 1.6 DOHC AT ABS AIRBAG 2WD $12390 LAMBORGHINI GALLARDO LP560 $291142 MASERATI GRANTURISMO 4.2 AUTO $139610 MAZDA MAZDA CX7 $23257 MAZDA MAZDA3SP LUX $19786 and the list go on, do you own calculations.... Some dealers makes huge profits, especially those exocit cars, and of course continental cars. So how much profit you think is reasonable?
  10. COE have dropped by more 90% since last few months, government income from COE directly cut by more than 90%. Big Mac have taken the lead to cut burger price by 30% for next 12mths. So far AD only reduce that part of COE reduction, but car price before COE still pretty high. Look like most ADs very cash rich can tahan low sale, but die die do not want to further reduce apart from the reduction of COE price. Some new cars still selling at premium of 70% to 125%.
  11. Read the article also tulan. http://newpaper.asia1.com.sg/news/story/0,...,181207,00.html? SINGAPORE Power (SP) made more than $1 billion in profit in the last financial year. Yet, it increased electricity tariffs by about 20 per cent earlier this month. Asking for more, when the cash box is already full, puzzles ordinary people. And why a hike now, when Singapore is in a technical recession and inflation is high? Singapore Power's profit after taxation was $1.09b for the last financial year, according to its March 2008 financial report. This included an exceptional gain from the sale of the Singapore Power Building. SP, a wholly-owned subsidiary of Temasek Holdings, has explained that the tariff hike was due to fuel oil price increases and the profits are to fund future infrastructure projects. (See report, right.) But this, clearly, has not appeased consumers despite detailed replies from the Government to queries from Members of Parliament (MP) in the House earlier this week. MP Lee Bee Wah (Ang Mo Kio GRC) and Nominated MP Gautam Banerjee were among those who queried the excessive returns. Ms Lee asked: 'Our SP Services made millions of dollars and yet the price of the electricity tariff goes up. 'So maybe we really have to look into a separate formula of pricing the electricity tariffs. Perhaps one of the yardsticks is the profitability that they make.' Singapore Power is the parent company of SP Services, which supplies electricity to all households here. The Energy Market Authority (EMA) regulates the transmission charges of SP Services as it is a monopoly. Given the billion-dollar profit, it is little wonder that consumers remain unhappy over the hike, despite painstaking explanations from the company. Why can't our billion-dollar Singapore Power absorb the hike? Or cushion the blow with a smaller hike? Technician Alvin Cheong finds the raised tariffs difficult to stomach. The 39-year-old, who is married with a son, 2, pays electricity bills of about $120 a month. 'I understand that the company needs to make money. But I find it hard to accept when they make a huge profit and still increase prices,' he said. Some asked if SP, which is essentially a monopoly service provider, should make such huge profits. Dr Huang Fali, an assistant professor of economics from SMU, explained that public utility firms providing essential services such as electricity, water and transport should focus on maximising the welfare of society. She said: 'This includes making consumers better off. That's the aim of a public utility firm. 'But when these providers make money, it's tough to justify price increases.' Assistant professor Gopi Rethinaraj of the Lee Kuan Yew School of Public Policy noted that the Government is usually cautious and plans for the future, especially in terms of infrastructure. 'Obviously, anyone would be upset when prices go up. But ultimately, this revenue would be going back into the economy in other ways such as the creation of more jobs and infrastructure for future generations. 'Sometimes, profits are made for capital investments. If it's going to find its way back to infrastructure, then it's fine,' said Prof Rethinaraj, who specialises in climate policy and energy technology. MP Lee Bee Wah told The New Paper that many of her residents still find it difficult to accept the company's explanation. She said: 'The sentiment among them is that you (Singapore Power) made a billion dollars profit and upi still increase tariff by 21 per cent. That's a lot of money. 'If the company has already made so much, does it still need to raise the tariff?' She hopes the company will revise its pricing formula and consider pegging profitability to the formula. Infrastructure: Who should pay? Mr Leong Sze Hian, president of the Society of Financial Service Professionals, questioned the logic behind consumers paying for future infrastructure. 'In most countries, such infrastructure funding is rarely borne by the operators. (It) is part of national development and, rightly, should come from the state's coffers.' Mr Leong said that few companies dip into their past profits for future growth and expansion. Usually, these funds are raised through bank loans or the issuance of bonds. He said: 'No company will rely solely on their past profit for growth; it'll come from a mix of sources. 'If their growth is based purely on profits, they'll never grow because you never know if your profits will be sustainable into the future.' In its annual report, SP said its electricity grid is rated 'as one of the world's best performing networks'. SP recorded revenue of $5.4b and assets of $29b in the last financial year. -------------------------------------------------------------------------------- Fair rate of return helps investment ABOUT $5 billion will be used to invest in the Singapore electricity grid infrastructure over the next five years, said Singapore Power. The company said its bottomline does not benefit from the tariff increase to consumers. This is because all the extra earnings go into paying for the higher cost of fuel, according to a Straits Times report last week. Singapore Power said that the $1.09b profit included the results of their international operations and the sale of investments. Singapore Power has three arms of business. First is the electricity grid, the second is the gas grid and the third is SP Services. Minister of State for Trade and Industry SIswaran told Parliament on Tuesday that all three are regulated by the the Energy Market Authority (EMA) to make sure that they do not earn a super normal rate of return. Said Mr Iswaran: 'So the EMA uses international industry benchmarks to ensure that whatever rate of return they earn is a reasonable rate of return compared to international standards. For investment Mr Iswaran continued: 'Why should there be a reasonable rate of return?' He said it is because if there wasn't such a rate, 'how do you continue to improve and upgrade your infrastructure?' If Singapore Power does not earn what is considered a fair rate of return by industry standards, then the company will be tempted to cut back on that investment. This is because it is not in their shareholders' interest and therefore not in the company's interest. Mr Iswaran added that with reasonable returns, the company will continue to upgrade itself in terms of technology and efficiency and those benefits will then filter down to consumers.
  12. Source: 1) http://sg.news.yahoo.com/afp/20080731/tts-...il-972e412.html 2) http://sg.news.yahoo.com/afp/20080731/tts-...gs-cac1e9b.html
  13. http://www.iht.com/articles/ap/2008/05/26/...ysia-Proton.php Malaysian carmaker Proton returns to black, plans first multipurpose vehicle by 2009 KUALA LUMPUR, Malaysia: Malaysia's national carmaker Proton said Monday it plans to launch its first multipurpose vehicle early 2009 after reporting higher-than-expected fourth quarter profits, buoyed by higher sales and a large government grant. Net profit in the quarter through March surged to 236.4 million ringgit (US$74 million;
  14. instead of grilling these CEOs on how much profit, i suggest the lawmaker pass the bill of a 'special tax' for oil companies. the tax revenue then passed back to 'consumers' as relief. can sg do that ?
  15. Toyota's Profit Falls More Than Estimated on Yen (Update3) By Naoko Fujimura and Tetsuya Komatsu May 8 (Bloomberg) -- Toyota Motor Corp., the world's second-largest automaker, posted a steeper drop in quarterly profit than analysts estimated and said earnings this year will fall 27 percent on the yen's gain and declining U.S. sales. Net income fell 28 percent to 316.8 billion yen ($3 billion) in the three months ended March from 440 billion yen a year earlier, Toyota said in a statement today. That was lower than the 375.2 billion yen median of six analyst estimates compiled by Bloomberg. Sales rose 3.8 percent to 6.57 trillion yen. Toyota, Honda Motor Co. and Mazda Motor Corp. all predict profit will drop this year as the yen's gains against the dollar erode the value of sales in North America. President Katsuaki Watanabe forecasts sales of Corollas, Avalons and other vehicles in the region to drop 6.4 percent this fiscal year amid a "severe business environment.'' "The slowdown in the U.S. really hit Toyota,'' said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments Ltd. in Tokyo, which oversees $28 billion in assets. "The market has yet to hit bottom.'' The Toyota City, Japan-based company's shares fell 18 percent in the three months on the Tokyo Stock Exchange, the largest quarterly drop in more than six years. The shares declined 1.8 percent to 5,480 yen at the close of trading today before the earnings were released. Profit Drop The carmaker predicts net income to drop to 1.25 trillion yen in the year started April 1, from a record 1.72 trillion last year. Operating profit may fall 30 percent to 1.6 trillion yen. The stronger Japanese currency will probably trim 690 billion yen from operating profit, the company said. Toyota based its earnings forecast on exchange rates of 100 yen to the dollar and 155 yen to the euro compared with 114 yen to the dollar and 162 yen to the euro last fiscal year. Every 1 yen gain against the dollar and euro trims Toyota's annual operating profit by 40 billion yen and 6 billion yen, respectively, the company said today. "It's now time to readjust our structure after having years of constant growth,'' Watanabe said at a press conference in Tokyo. "It's a golden opportunity to eliminate waste'' in the company. The overall U.S. market dropped 8.1 percent in the three months ended March 31. The price of regular gasoline gained 8 percent to $3.29 a gallon in the period and cost $3.62 a gallon as of yesterday. "I expect more bad news from the industry,'' said Edwin Merner, president of Tokyo-based Atlantis Investment Research Corp., which manages $2 billion in assets. Still, "Toyota should come through this period stronger and better'' because of its lead in gasoline-electric hybrid technology. April Sales In April, Toyota boosted U.S. retail sales for the first time in five months on demand for the Yaris and the Prius. U.S. drivers are picking fuel-efficient Toyota models over General Motors Corp. and Ford Motor Co. pick-ups because of record fuel prices. GM reported a first-quarter loss of $3.25 billion last month because of deteriorating performance in North America. The Detroit-based carmaker was profitable in every other region. Ford reported a surprise profit for the quarter as earnings from Europe offset losses in North America. U.S. Outlook Demand for fuel-efficient vehicles, particularly in the U.S., has helped Toyota boost net income every year since it began reporting under U.S. accounting standards in the year ended March 2004. This calendar year, rising job insecurity may cause auto sales in the U.S. to slump to the lowest since 1995, according to Standard & Poor's. Toyota will delay opening its eighth North American factory, Senior Managing Director Takeshi Suzuki told reporters in Tokyo. The company originally planned to start production of the Highlander sport-utility vehicle at the plant by 2010, it said last year. The carmaker forecasts its North American sales will drop to 2.77 million vehicles this fiscal year from 2.96 million last year. Global sales will rise about 1.7 percent to 9.06 million vehicles for the period. Sales in China will rise 36 percent to 640,000 vehicles this fiscal year. Toyota's budget for research and development will fall 4 percent to 920 billion yen. Its capital spending will also drop 5.4 percent to 1.4 trillion yen. The company will raise its annual dividend by 17 percent to 140 yen a share from 120 yen. Higher Prices Toyota plans to raise prices for models including the FJ Cruiser sport-utility vehicle, Yaris compact and Prius hybrid by as much as 2.1 percent in North America later this month to help offset rising materials costs. Nippon Steel Corp. and JFE Holdings Inc., Japan's two biggest steelmakers, raised wholesale sheet steel prices 25 percent last month to cover an unexpected tripling in annual coking coal prices. They are seeking a further 10 percent increase as early as June, traders familiar with price talks said on April 22. Nissan Motor Co., Japan's third-largest automaker, is due to give its forecast and fourth-quarter earnings on May 13. To contact the reporter on this story: Naoko Fujimura in Tokyo at [email protected]; Tetsuya Komatsu in Tokyo at [email protected]. http://www.bloomberg.com/apps/news?pid=206...jobs&refer=home
  16. Mitsubishi Motors raises forecasts By Michiyo Nakamoto in Tokyo Published: October 30 2007 09:49 | Last updated: October 31 2007 00:07 Mitsubishi Motors on Tuesday revised its full-year sales and profits forecast after reporting a 30 per cent rise in first-half sales and profits, reflecting strong performances in overseas markets. MMC, which had its first operating and pre-tax profits for the first half in five years, raised its full-year revenue forecast by 11 per cent to Y2,700bn ($23bn) and its operating profit forecast by 37 per cent to Y70bn. For the full 2006 year, sales were Y2,203bn and operating profits Y40.2bn. The net income forecast for the full year was unchanged at Y20bn due to expectations of higher taxes. MMC
  17. I believe it may come true if COE hit 20k. For example if you brought a Nissan Latio at record low $48k. If COE hit $20k. New Nissan Latio price will be around $64k. So you can easily sell your Latio at $55k after 6 month of driving. So your profit is about $7k. Am I right?
  18. TOKYO (AP) - Japan's beleaguered Mitsubishi Motors Corp. reported its first quarterly profit since 2004 as the weaker yen lifted earnings in the October-December period. Japan's fourth-largest automaker, which has been fighting to regain consumer trust devastated by a recall scandal several years ago, had a net income of 4.3 billion yen (US$35.8 million; euro27.7 million) for the fiscal third quarter. A year ago, it lost 4.3 billion yen. Mitsubishi had reported a loss for every quarter since it began reporting quarterly earnings in 2004, said company official Fumio Nishizaki. The company has not reported an annual profit since the fiscal year that ran through March 2003. Quarterly sales inched up to 538.7 billion yen (US$4.48 billion; euro3.47 billion) from 538.3 billion yen a year earlier. The weak yen and increased sales of so-called built-up vehicles -- units built in one country and shipped to another in one piece for sale -- allowed Mitsubishi to log an increase in sales despite a decline in vehicles sold, the automaker said. The company also reported earnings for the nine-month April-December period, logging a net loss of 11.8 billion yen (US$98.2 million; euro75.98 million), an improvement over the 68.1 billion yen loss for the same period the previous year. Mitsubishi said it stood by its full-year forecasts of net profit of 8 billion yen (US$66.6 million; euro51.53 million) on 2.23 trillion yen (US$18.6 billion (euro14.39 billion) sales. The fiscal year runs through March. In 2000, Mitsubishi Motors admitted it had been covering up auto defects for more than two decades, and announced a string of recalls. In 2004, however, it revealed it had failed to divulge all its problems in 2000 and had more concealed defects. Mitsubishi Motors' sales had been lackluster even before those scandals, and had fallen behind powerful domestic rivals like Toyota Motor Corp. and Honda Motor Co. Mitsubishi suffered earlier scandals since the mid-1990s, including a sexual harassment lawsuit in the United States and arrests of executives on criminal charges in Japan for paying off racketeers tied to gangsters. http://news.moneycentral.msn.com/provider/...0206&ID=6441257
  19. Anyone had really calculate the total cost of a car. Customs Duty, GST and ARF of a car. The point is, if you take the price on year 99/00 and now and you find that the profit made by agent is a big difference. Other then COE being the main factor, profit is one of the main component. I remember Straitstimes did put up all the cost in year 2000 and some had comment on the $50k profit being too much. Now a 1.6 Jap car only profit of $5-10k compare to $20-40K 5 years ago. Good example is Mazda car price this year.
  20. Japan's Mitsubishi Motors To Book Y7 Billion Special Profit In 1st Half Thursday September 28th, 2006 / 5h33 TOKYO -(Dow Jones)- Mitsubishi Motors Corp. (7211.TO) said Friday that it will book a special profit of Y7 billion for the first half ended Sept. 30 from returns on its investment in a real-estate trust business. The Japanese car maker said its net results would be better than its outlook in April due to the special profit. But the company said it hasn't finalized compiling its earnings, adding that it may revise its outlook if necessary. In April, the company predicted a group net loss of Y28 billion for the first half. Mitsubishi's earnings are based on Japanese accounting standards. It plans to release its interim earnings results in late October. -By Hiroyuki Kachi, Dow Jones Newswires, 813-5255-2929, [email protected] -Edited by Shawn Schroter
  21. Honda's 4th-Qtr Profit Likely Rose 36% on New Models (Update2) April 25 (Bloomberg) -- Honda Motor Co., Japan's third- largest carmaker, may report its largest profit growth in nine quarters, as it sold more vehicles in Asia and sales of its first pickup truck in the U.S. bolstered its margins. Honda's fourth-quarter net income may rise 36 percent to 101 billion yen ($944 million) in the period ended March, from last year's 74.1 billion yen, according to the median estimate of five analysts in a Bloomberg poll. Honda will report earnings tomorrow at 3 p.m. in Tokyo. Honda's truck sales in the U.S., where the Tokyo-based carmaker gets as much as 64 percent of its operating income, grew 11 percent after President Takeo Fukui put the Ridgeline on sale. The carmaker took market shares from General Motors Corp. and Ford Motor Co. with models like its Accord sedan and Pilot sport- utility vehicles. Honda's sales in China, where it's the most profitable Japanese carmaker, may rise 23 percent this year, helped by sales of its Odyssey minivan. ``Honda is benefiting from selling more light trucks like the Ridgeline and the Pilot in the U.S., and that's helping their earnings,'' said Atsushi Osa, who helps manage $110 billion at Sumitomo Mitsui Asset Management Co. in Tokyo. ``Honda also has an advantage in Asia, as it has bigger presence than rivals in China.'' He declined to say if he holds Honda shares. Honda shares, which have risen 12.1 percent in the past 12 months, rose 0.8 percent to 5,270 yen in Tokyo. The stock performed better than the 6.5 percent drop in the key Topix index and better than larger rival Nissan Motor Co.'s 19 percent decline in the same period. Sales Honda's fourth-quarter sales probably rose 7.5 percent to 2.3 trillion yen, according to the Bloomberg survey. Operating profit, or sales minus the cost of goods sold and administrative expenses, likely increased by 9.8 percent to 151 billion yen, while current profit, or pretax profit from operations, probably rose by 28 percent to 136.4 billion yen in the quarter, they said. The yen strengthened against the U.S. dollar gaining 2.5 percent to an average 104.52 yen in the January-March quarter, while the yen weakened against the euro, losing 2.3 percent to an average 137.04 yen in the same period. The carmaker's annual operating profit falls about 12 billion yen for every 1 yen that the Japanese currency strengthens against the dollar, 2 billion yen for every 1 yen gain against the euro, according to Credit Suisse First Boston analyst Koji Endo. U.S. Production Honda is expanding production at its Lincoln, Alabama factory, where it builds the Ridgeline, and will run the plant at full capacity, Fukui has said. Honda, which ranks No. 5 in the U.S., will have annual capacity of 1.33 million units in 2005, up from 1.22 million units in 2004. Building vehicles in the U.S. helps shield Honda from currency fluctuations. ``We can expect Honda's profitability to improve further this year as its Alabama factory will be in full operation and as it releases new models,'' including the redesigned Civic compact car, Honda's second-best selling model, said Shotaro Noguchi, an analyst at Mitsubishi Securities Co. An 11 percent increase in truck sales in the U.S. in the quarter, helped offset an 8.8 percent decline in car sales as the Civic model neared the end of its product cycle. Honda's total sales in the U.S. declined 1.2 percent in the quarter to 308,182 vehicles. Honda Executive Vice President Koichi Amemiya on Jan. 28 said the automaker would spend $860 million on incentives in the U.S., or $80 million more than it forecast in October, in the 12 months to March as it tries to bolster sales against expanding rivals Toyota Motor Corp. and Nissan Motor Co. ``In the U.S., the compact market is very competitive and all automakers are boosting incentives in that segment,'' Amemiya said. Sales of the Civic compact car, which is in the final year of its model cycle plunged 17.9 percent in the U.S. in the quarter. Honda plans to add a new small car based on the Fit compact car in the U.S. in 2006 priced at less than $15,000, while Nissan will launch a new small car in 2007.
  22. I intend to buy a Toyota Harrier from PI.. If the OMV is 40K,how much do you think they will make? Given the price of 130k with current COE of 21K.. Dont think they make much,right? Who know the formula to calculate? pls help...
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