JAPAN: Strong yen expected to clobber Toyota quarterly operating profit - reports
Toyota Motor is likely to report an 11% fall in operating profit in the first quarter of the business year, hit by a stronger yen, Reuters reported, citing the Nihon Keizai newspaper on Wednesday. Reuters said that, without citing sources, the paper said Japan's top car maker was likely to report a group operating profit of 330 billion yen ($US2.75 billion) for the April-June period on sales of 3.95 trillion yen, under US accounting rules.
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