One of the Philippines’ biggest automotive company, Toyota Motor Philippines (TMP) consolidated net income grew by 11% to P13.4 billion in 2017 from P12.1 billion the previous year.
It gained a 19% growth in consolidated revenues from P155.8 billion in 2016 to P185.3 billion in 2017.
Toyota Motor Philippines attained retail sales volume of 183,908 units in 2017. That is 16% improvement from 158,728 units sold in 2016.
TMP maintained its industry-leading position with an overall market share of 39% reinforced by continued strong sales from the Fortuner, Vios, and Innova models.
TMP’s robust sales performance gave it its 16th consecutive Triple Crown award as the Philippines’ number one automotive company in passenger car, commercial vehicle, and overall sales.