Toyota Posts First Profit Gain in Six Quarters, Raises Annual Outlook 15%
Toyota said operating profit rose for the first time in six quarters and raised its annual outlook by 15% to 3.9 trillion yen. Weaker yen and robust hybrid demand offset lower sales in China and the Middle East.
Toyota TSE:7203 on Thursday posted its first profit gain in six quarters and lifted its annual outlook by 15%, as a weaker yen and robust demand for hybrid vehicles offset a slide in sales in China and the Middle East.The world's largest automaker now expects operating profit of 3.9 trillion yen…