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Toyota boosts full-year profit forecast on currency moves, third-quarter profit eases

FILE PHOTO: A logo of Toyota is pictured at Bangkok Auto Salon 2019 in Bangkok
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TOKYO (Reuters) - Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen.Toyota expects operating profit to rise to 2.5 trillion yen (£17.5 billion) in the year to March, up from 2.47 trillion yen the previous year and its earlier forecast of 2.4 trillion yen.The outlook is based on a new assumption for the yen to average around 108 yen..
Date Published: Feb 06, 2020
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