Toyota raises annual earnings forecastNovember 5, 2014 - 11:05 AMT PanARMENIAN.Net - Toyota raised its annual earnings forecast after posting a 23 percent jump in July-September profit as a favorable exchange rate added to the momentum of the Japanese automaker's sales growth. Toyota Motor Corp. reported Wednesday, Nov 5, a better-than-expected fiscal second quarter profit of 539 billion yen ($4.7bn), up from 438 billion yen the same period the previous year. Analysts surveyed by FactSet had expected about 500 billion yen ($4.4bn) in quarterly profit Quarterly sales grew 4 percent to 6.55 trillion yen ($58 billion) as a weak yen boosted the value of overseas revenue. Toyota, the world's top-selling automaker, raised its profit projection for the year through March 2015, to 2 trillion yen ($17.5 billion). That would be an increase of 10 percent from the previous year. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |