CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Toyota posts first profit rise in six quarters, lifts annual outlook

By Reuters News

TOKYO, Nov 5 (Reuters) - Toyota 7203.T on Thursday posted its first profit gain in six quarters and lifted its annual outlook by 15%, as a weaker yen and robust demand for hybrid vehicles offset a slide in sales in China and the Middle East.

The world's largest automaker now expects operating profit of 3.9 trillion yen ($24.6 billion) for the year ending March, up from its previous forecast of 3.4 trillion yen.

Operating profit for the July-September quarter jumped 34% to 1.13 trillion yen. That compares with a median forecast of 992 billion yen in a poll of nine analysts surveyed by LSEG.


($1 = 158.4300 yen)

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk