Toyota Q1 operating profit may be down 11 pct-paper

Newswire

TOKYO, July 30 (Reuters) - Toyota Motor Corp is likely to report an 11 percent fall in operating profit in the first quarter of the business year, hit by a stronger yen, the Nihon Keizai newspaper said on Wednesday. The paper said Toyota was likely to report group operating profit of 330 billion yen ($2.75 billion) for the April-June period on sales of 3.95 trillion yen, under U.S accounting rules. Toyota is due to to announce the first-quarter results on August 5 using Japanese ...

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