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Toyota expects record profits after yen boost

Feb 04, 2014, 6:23 AM EST
The Toyota FV2 future mobility concept vehicle is displayed at the Toyota booth at the 2014 International CES at the Las Vegas Convention Center on January 7, 2014 in Las Vegas, Nevada.
AFP/Getty Images

Toyota is forecasting record annual operating profits as the weaker yen helps to boost sales abroad. For the financial year ending in March, it expects operating profit to reach 2.4tn Japanese yen ($23.7bn; £14.5bn). The continuing weakness in the yen also helped Toyota post better-than-expected earnings for the third quarter, with operating profit of 600bn yen. That is nearly five times higher than earnings in the same quarter a year earlier.

Background:

Toyota expects record annual profit [BBC]

Toyota upbeat on U.S. recovery, forecasts record profit [Reuters]

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