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Mitsubishi Had Strong Sales Last Year

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TOKYO -- Mitsubishi Motors Corp. reported a 14 percent increase in operating profit in the latest fiscal year as rising sales and cost controls offset foreign currency exchange losses. Mitsubishi’s operating profit climbed to 111.82 billion yen ($1.01 billion) in the full fiscal year ended March 31, the Japanese automaker said Thursday in its annual earnings report. Net income grew 24 percent, to 132.87 billion yen ($1.20 billion) in the 12 months. Revenue increased 15 percent to 2.51 trillion yen ($22.65 billion), as worldwide retail sales increased 13 percent to 1.24 million units, gaining ground in all major markets.

Added on the 09/05/2019 07:52:36 - Copyright : Wochit

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