Toyota Caetano Portugal, S.A. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Second Half Ended June 30, 2012
August 23, 2012
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Toyota Caetano Portugal, S.A. reported unaudited consolidated earnings results for the fourth quarter and audited consolidated earnings results for the second half ended June 30, 2012. For the second half, the company reported sales EUR 107,437,146 against EUR 140,365,770 a year ago. Operational loss was EUR 1,096,694 against operational income of EUR 822,800 a year ago. Loss before taxation from continuing operations was EUR 2,729,601 against profit before taxation from continuing operations of EUR 1,129,544 a year ago. Net loss for the period attributable to equity holders of the parent was EUR 2,235,808 or EUR 0.067 per basic and diluted share against net profit for the period attributable to equity holders of the parent of EUR 520,171 or EUR 0.014 per basic and diluted share a year ago. Cash flow in operating activities was EUR 13,398,078 against EUR 15,531,264 a year ago. Investments in tangible fixed assets were EUR 5,000,000 against EUR 29,012 a year ago. Investments in intangible fixed assets were EUR 594 against EUR 247,098 a year ago.
For the quarter, the company reported sales EUR 58,111,831 against EUR 70,334,366 a year ago. Operational loss was EUR 1,160,653 against operational income of EUR 1,666,093 a year ago. Loss before taxation from continuing operations was EUR 2,135,550 against profit before taxation from continuing operations of EUR 1,540,378 a year ago. Net loss for the period attributable to equity holders of the parent was EUR 1,790,941 or EUR 0.055 per basic and diluted share against net profit for the period attributable to equity holders of the parent of EUR 1,053,862 or EUR 0.029 per basic and diluted share a year ago.
Toyota Caetano Portugal, S.A. specializes in assembling and distributing light and heavy vehicles. Net sales break down by activity as follows:
- sale of vehicles (86.9%): light and commercial vehicles (98.6% of net sales) and heavy vehicles (1.4%) primarily marketed under the Toyota and Lexus brand names;
- sale of spare parts and accessories (10.3%);
- rental and sale of industrial equipment (2.2%);
- other (0.6%).
Net sales are distributed geographically as follows: Portugal (83.6%), Belgium (12.9%), Africa (3.4%) and other (0.1%).
Toyota Caetano Portugal, S.A. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Second Half Ended June 30, 2012