Toyota says net profit to double to $9.53 bn in 2012-13

May 09, 2012 |

TOKYO

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Toyota Motor said on Wednesday its net profit for the year to March 2013 was expected to more than double to 760 billion yen ($9.53 billion) on continued demand in emerging markets.

Toyota also said it forecast operating profit in the period to nearly triple on-year to 1.0 trillion yen amid surging demand for small and economically priced vehicles, as well as 'green' models, a key segment for the automaker.

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