Tuesday, February 8, 2011

Toyota Motor Q3 profit slumps, outlook lifted

October-December operating profit was 99.07 billion yen ($1.20 billion), down from 189.1 billion yen in the similar period a year earlier. Net profit fell 38.9 percent to 93.63 billion yen.

For the year to March 31 it lifted its working profit forecast to 550 billion yen ($6.68 billion) from 380 billion yen, after profits for the first nine months exceeded that figure.

It increased its global sales forecast to 7.48 million vehicles from 7.41 million, with domestic sales seen at 2.02 million vehicles compared with an earlier prediction of 1.99 million. Its U.S. forecast was unchanged at 2.09 million units

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