Wednesday, 09 May 2012, 07:24 GMT
Toyota net profit to double to $9.53 bln in 2012-13


Japan's auto giant Toyota Motor managing officer Kazuo Ohara (R) introduces the company's newly designed Lexus RX 450h hybrid SUV in Tokyo, in April./ AFP

AFP

Toyota also said it forecast operating profit in the period to nearly triple on-year to 1.0 trillion yen

Toyota Motor said on Wednesday its net profit for the year to March 2013 was expected to more than double to 760 billion yen ($9.53 billion) on continued demand in emerging markets.

Toyota also said it forecast operating profit in the period to nearly triple on-year to 1.0 trillion yen amid surging demand for small and economically priced vehicles, as well as "green" models, a key segment for the automaker.