(MENAFN- Khaleej Times)Toyota's profit for April-June rose 10 per cent on the perks of a cheap yen and cost reduction efforts that offset lower vehicle sales.
Toyota Motor Corp. reported Tuesday a fiscal first quarter profit of 646.3 billion yen ($5.2 billion) up from $587.7 billion a year earlier. Quarterly sales increased by 9 percent to 6.98 trillion yen ($56.3 billion). But it sold about 127000 fewer vehicles compared to last year at 2.1 million vehicles during the quarter. Toyota the world's top automaker for the last three years was outpaced by Volkswagen AG of Germany in global vehicle sales for the first half of this year. The Japanese automaker left its profit forecast unchanged at 2.25 trillion yen ($18 billion) for the fiscal year through March 2016. ______________________________________________________________________________________________ The story so far... Shafqat Hussain's execution was scheduled for the fifth time on 4 August. * Shafqat was arrested and sentenced to death in 2004 for the kidnapping and involuntary murder of a 7-year-old boy who lived in a Karachi apartment building where he worked as a security guard. * His lawyers maintain he was under 18 years of age when the crime was committed and that he was forced to 'confess' under torture. * Shafqat Hussain was arrested and sentenced to death in 2004. * According to Hussain's family he was 14 years old at the time of the offense he was convicted of. * He has described that the police subjected him to torture and forced him to make a "confession" and has always maintained his innocence. Timeline of the postponement of his executions... Jan 14 2015- Earlier scheduled to be hanged on January 14 2015 the federal government stayed his hanging and ordered an investigation following protests by civil society members March 19 2015- He was later scheduled to be hanged on March 19 2015 but was yet again provided a last minute reprieve after protestors gathered outside the presidency. A reinvestigation into the case was then ordered by the Interior Ministry. A three-member team of the Federal Investigation Agency was formed to ascertain his age which later concluded that Hussain was 23 years old at the time the court had announced its verdict. May 6 2015- Hence the conclusion regarding his age was drawn on the basis of the existing documentary evidence and not through a biological test. The ATC then issued a black warrant for Hussain onApril 24which scheduled his hanging forMay 6. However the Islamabad High Court stayed his hanging for a day questioning the legality of the committee formed. Hussain had also filed an application seeking a judicial inquiry into the matter of verification of his age. He had expressed dissatisfaction over the FIA's inquiry. However the IHC onMay 11dismissed the application. June 9- On expiration of the 30-day stay the Superintendent Central Jail Karachi wrote to ATC III judge demanding to issue fresh death warrants for the convict. Later the ATC had issued black warrants for Hussain for the fourth time forJune 9. Aug 4 2015- Scheduled for the fifth time
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