TOKYO: Toyota’s quarterly profit rose nearly five per cent as the weaker yen and cost reductions offset declining sales in some markets. The automaker raised its full-year earnings forecast. Toyota Motor Corp, the number one automaker in global vehicle sales, reported on Friday a 627.9 billion yen ($5.4 billion) profit for the October to December fiscal third quarter, up from 600 billion yen a year earlier. Quarterly sales rose two per cent to 7.34 trillion yen ($63 billion). Toyota, which makes the Prius hybrid, Camry sedan and Lexus luxury model, raised its annual profit forecast to 2.27 trillion yen from 2.25 trillion yen.
Toyota forecast rosy
Published: 08:17 am Feb 06, 2016