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Wednesday, May 8, 2013

Toyota profits rise to pre-crisis levels.

 For the first time since before the financial crisis, Toyota (TM) posted a full year operating profit in excess of ¥1T on the back of a weaker yen. Net profit was ¥313.9B for the quarter ended in March which beat analysts' expectations by ¥50.1B. Revenue for the period was ¥5.837T and quarterly operating profit came in at ¥502.3B. TM plans to sell 9.1M vehicles this fiscal year, an increase of 230K.

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