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Published: Thursday, 5/10/2012

Toyota quarterly profit more than quadruples

BLADE STAFF AND NEWS SERVICES

TOKYO -- Toyota's quarterly profit more than quadrupled to $1.5 billion, and the automaker gave upbeat forecasts as it recovers from a sales plunge caused by the tsunami in Japan last year.

Japan's No. 1 automaker forecast Wednesday that profit for its business year ending March, 2013, would soar to $9.5 billion. Net profit plunged 30 percent to $3.5 billion for the just ended business year.



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