Fuji Heavy lifts profit forecasts on lower costs

Newswire

TOKYO, Oct 23 (Reuters) - Japan's Fuji Heavy Industries Ltd , the maker of Subaru cars, raised its interim and full-year profit forecasts on Tuesday, citing a big reduction in costs during the first half.

For the six months to Sept. 30, the Tokyo-based automaker now expects an operating profit of 18.9 billion yen ($165 million), or 89 percent higher than a previous forecast of 10 billion yen and a ...

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