Toyota to double full-year operating profit forecast to above $9.7 billion - paper

TOKYO (Reuters) - Toyota Motor Corp is likely to more than double its full-year operating profit forecast when it reports first-half earnings on Friday, the Mainichi daily reported, citing a strong recovery in vehicle sales in the United States and China. Japan's top automaker is likely to project an operating profit of more than 1 trillion yen ($9.66 billion) for the year to March 31, 2021, from the 500 billion yen (£3 billion) projected in August, the Mainichi said, without citing sources

Reuters November 06, 2020 05:06:04 IST
Toyota to double full-year operating profit forecast to above $9.7 billion - paper

Toyota to double fullyear operating profit forecast to above 97 billion  paper

TOKYO (Reuters) - Toyota Motor Corp <7203.T> is likely to more than double its full-year operating profit forecast when it reports first-half earnings on Friday, the Mainichi daily reported, citing a strong recovery in vehicle sales in the United States and China.

Japan's top automaker is likely to project an operating profit of more than 1 trillion yen ($9.66 billion) for the year to March 31, 2021, from the 500 billion yen (£3 billion) projected in August, the Mainichi said, without citing sources.

(Reporting by Chang-Ran Kim; Editing by Leslie Adler)

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