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Wednesday, 06 November 2013 - 21:43
Toyota raises full year profit forecast
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The world's biggest carmaker, Toyota, has raised its profit forecast as the yen's weakness and cost-cutting measures helped lift its earnings.

It now expects to make a net profit of 16.9 billion dollars in the financial year to 31 March 2014.

Toyota upped the forecast as it reported a net profit of 1 trillion yen for the six months to the end of September.

The results are in contrast with Nissan which cut its profit outlook last week.

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