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

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 revenue rose 9.3 per cent to 6.98 trillion yen, as it separately announced an overhaul of its operations in China, the world's biggest vehicle market.