Toyota posts 20% drop in Q2 operating profit

Toyota celebrates the production of 10 million Yaris cars in Valenciennes · Reuters

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TOKYO (Reuters) - Toyota Motor posted a 20% decline in second-quarter profit on Wednesday, as slowing sales and production volume hurt results.

The 1.2 trillion yen ($7.81 billion) operating profit compared to 1.4 trillion yen in the same period last year, and the 1.2 trillion yen average of nine analyst estimates compiled by LSEG.

($1 = 153.7100 yen)

(Reporting by Daniel Leussink; Editing by David Dolan)