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Toyota hikes annual forecast as first-half net profit doubles

Toyota ramped up its annual net profit forecast to $26.1 billion on Wednesday after reporting it more than doubled in the first six months of the year.

The world’s biggest automaker by sales said a weaker yen and cost-cutting efforts meant it now expects annual net profit of 3.95 trillion yen, from a previous estimate of 2.58 trillion yen. (BSS/AFP)

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