Hino reports Q2 profit drop on engine data scandal By Reuters


© Reuters. FILE PHOTO: Hino Motors Ltd displays its new Hybrid Profia, a diesel-hybrid version of its large commercial truck model at its R&D Centre at Hino in Tokyo, Japan July 17, 2018. REUTERS/Naomi Tajitsu

TOKYO (Reuters) – Toyota Motor (NYSE:) Corp’s truck and bus unit Hino Motors said on Thursday its quarterly profit dropped 21%, hit by an engine data scandal that has crippled a wide range of its vehicle production.

It reported 12.3 billion yen ($84.66 million) in operating profit for the three months to end-September, beating an estimate of 1.66 billion yen profit on average surveyed by seven analysts on Refinitiv.

The result compares with 15.6 billion yen profit a year ago.

($1 = 145.2900 yen)

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