Toyota raises full-year profit forecast to record $18 bn

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Old 05 Feb 2015, 03:20 pm   #1 (permalink)
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Default Toyota raises full-year profit forecast to record $18 bn

The world's biggest automaker Toyota on Wednesday raised its full-year net profit forecast to a record $18.1 billion, citing a weak yen, cost cuts and strong demand in the key North American market. The Japanese firm, maker of the Corolla and Prius hybrid among many other models, said it now expects to book a 2.13 trillion yen net profit in the fiscal year to March, up from an earlier 2.0 trillion yen forecast.

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