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Toyota Motor Corp (NYSE: TM) reported a strong rise in its net profit in the January-March quarter.

Toyota's quarterly net profit climbed to Y121.0 billion, from Y25.4 billion, in the year-ago period. However, analysts were expecting a net profit of Y112.9 billion.

Its sales surged 23% to Y5.703 trillion from Y4.642 trillion. Operating profit jumped to Y238.5 billion from Y46.1 billion.

Toyota shares closed at $78.17 yesterday.

Posted-In: profitEarnings News

 

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