Toyota 6-mth net profit jumps to $10.35B

TOKYO: Toyota on Thursday reported a half-year jump in profits even as car sales declined in most regions, as it moves to cut costs and squeeze more productivity out of its plants worldwide.

The world’s top automaker said its net profit rose nearly 12 percent to 1.258 trillion yen ($10.35 billion) in the fiscal first half through September, with a weak yen also helping boost the bottom line.