Toyota Nearly Doubles Profit to $2.2 Billion Despite Decline in Vehicle Sales
Macro·2 articles across 2 outlets
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Toyota's quarterly profit nearly doubled to $2.2 billion, aided by a weak yen, even as vehicle sales dipped. The company has raised its full-year net profit forecast, although it still anticipates a decline in overall profit for the year.
Toyota
Sources
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SourceReports the news
“A weak yen added $2.2 billion to Toyota's quarterly profit even as vehicle sales dipped; full-year profit is still forecast to fall.”
Fortune — Toyota sold fewer cars but nearly doubled profit on cheap yen“Toyota raises full-year net profit forecast, helped by weak yen”
nikkei asia — Toyota raises full-year net profit forecast, helped by weak yen