toyota cuts fullyear profit forecast by more than half
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Toyota cuts full-year profit forecast by more than half

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Arab Today, arab today Toyota cuts full-year profit forecast by more than half

Tokyo - AFP

Toyota Friday slashed its full-year net profit forecast by more than half as Japan's biggest automaker grapples with a strong yen, the impact of the March earthquake and record flooding in Thailand. The company cut its outlook to 180 billion yen ($2.3 billion), well down from its estimate in August of a 390 billion yen profit, which was yanked as a result of the the Thai floods, which forced plant closures and supply-chain problems.

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