Toyota Reports Drop In H1 Net Profit

Toyota Motor Corp

reported a drop in its first-half net profit. Toyota's net profit for the period declined to 81.5 billion yen (1.04 billion), from ¥289.1 billion, in the year-ago period. However, its profit for the July-September quarter fell 18.5% to ¥80.4 billion. Toyota posted an operating loss of ¥32.6 billion for the March-September period, versus a year-ago operating profit of ¥323.1 billion. Toyota shares gained 0.03% to $65.50 in pre-market trading.