Toyota Q3 profit jumps 22% on weak yen

Operating profit for the three months ended Dec 31 was 956.7 billion yen (RM31.3bil). That beat the average 764.54 billion yen (RM25bil) profit estimated by 10 analysts, according to Refinitiv data. — Reuters

TOKYO: Toyota Motor Corp posted a surprise 22% rise in third-quarter operating profit, as a weaker yen and higher sales volumes helps the Japanese automaker overcome a jolt from soaring raw-materials costs.

Operating profit for the three months ended Dec 31 was 956.7 billion yen (RM31.3bil). That beat the average 764.54 billion yen (RM25bil) profit estimated by 10 analysts, according to Refinitiv data. In the same period a year earlier, Toyota reported a 784.4 billion yen (RM25.7bil) profit.