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Toyota quarterly profits drop but recovery expected

Japanese carmaker Toyota has said its profits for the first three months of 2011 were down 77% because of the disruption from March's earthquake.

Net profits for January to March fell to 25.5bn yen ($315.5m; £192.7m).

But for the financial year ending in March, Toyota's income doubled showing that it had been recovering from its recall crisis before the quake hit.

Roland Buerk reports.

  • 11 May 2011
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