Publication Date : Wednesday 31 October 2012 16:04
Mitsubishi Motors logs profit rise
Japan's Mitsubishi Motors said on Tuesday its net profit soared 60 per cent year on year in the three months to September, boosted by strong sales in Southeast Asia.
Group net profit jumped to 10.1 billion yen (US$127 million) from 6.3 billion yen in the same period a year earlier, the nation's sixth-biggest automaker said.
However, the figure was far lower than the quarter to June, when it logged a 20 billion yen net profit.
Overall sales fell 7.3 per cent to 440.7 billion yen but revenue in Thailand and other Southeast Asian nations grew.
Shares in Mitsubishi ended up 1.44 per cent at 70 yen.