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Toyota confident despite profit fall
Wednesday, 8 February 2012
Toyota is reporting a quarterly profits slide of 13.5% but is confident enough in a recovery to raise its annual profit forecast.
Toyota Motor reported an 80.9bn yen profit for the October-December quarter, down from 93.6bn yen a year earlier. But it raised its fiscal year profit forecast to 200bn yen from an earlier 180bn yen.
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