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Reply #7: Toyota Motor halves profit forecast due to Thai floods [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 07:21 AM
Response to Reply #6
7. Toyota Motor halves profit forecast due to Thai floods

Toyota, Japan's largest carmaker, has halved its profit forecast for this year due to disruptions caused by Thailand's floods.

It now expects a net profit of 180bn yen ($2.3bn; 1.5bn) for the year ending 31 March 2012.

The firm issued its previous forecast of a 390bn yen profit in August.

It withdrew the forecast last month after supply disruptions of some crucial parts halted production at factories in 10 countries.
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