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Toyota Q4 profit nearly doubles, beats expectations – Fox Business

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Toyota Motor Corp reported on Wednesday its fourth-quarter operating profit jumped 92%, as it shrugged off chip-supply issues and as its sales recovered from the impact of the coronavirus pandemic.
Japan’s biggest automaker posted an operating profit of 689.8 billion yen ($6.34 billion) in the January-March quarter, beating an estimate of 641.5 billion yen from 10 analysts compiled by Refinitiv. The profit was 369.9 billion yen in the same period a year earlier.
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