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Toyota says quarterly profit up 10% to 646b yen, lifts sales forecast

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"Favourable foreign exchange rates and cost-reduction efforts were (the) main positive factors, while decreased vehicle sales and increased expenses ... were negative factors," says Mr Otake.

Tokyo

TOYOTA on Tuesday said its net profit for the three months to June jumped 10 per cent from a year ago, crediting a weak yen and cost cuts, while it also boosted its annual sales forecast.

The Corolla and Camry maker earned 646 billion yen (S$7.2 billion) in the quarter, while

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