November 6, 2018 / 4:38 AM / 10 days ago

Toyota posts 11 pct rise in Q2 profit as Asia sales rise

TOKYO, Nov 6 (Reuters) - Toyota Motor Corp on Tuesday posted an 11 percent rise in second-quarter profit on the back of ongoing sales growth in Asia and Europe, while profitability in most of its major markets including North America improved.

Operating profit at Japan’s largest automaker was 579.1 billion yen ($5.11 billion) for the July-September period. That was up from 522.2 billion yen a year earlier, but undershot a median forecast of 584.89 billion yen from 10 analysts polled by Refinitiv.

Toyota lifted its forecast for full-year profit to come in at 2.4 trillion yen, from a previous forecast of 2.3 trillion yen, based on a revised assumption that the yen will average around 110 yen to the U.S. dollar through March. ($1 = 113.3000 yen) (Reporting by Naomi Tajitsu; Editing by Christopher Cushing)

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