Toyota quarterly net rises 4.7% to $5.4 billion


TOKYO -- Toyota Motor today said it posted a 4.7 percent gain in quarterly net income and raised its full-year profit forecast slightly due to strong demand in the U.S.
Operating profits, however, fell 5.3 percent to 722 billion yen ($6.2 billion) during the October-December quarter due to an increase in expenses.
Net income in the quarter rose 4.7 percent to 628 billion yen ($5.4 billion).

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