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 | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |