Mitsubishi Motors Corp. reported Thursday it had an operating profit of 6.8 billion yen in fiscal 2005, its first profit in three years and a sign the firm may finally be coming out from under the weight of its defect coverup debacle.
The results have pushed the carmaker's operating profit back into the black a year earlier than expected.
The consolidated operating profit, a reversal of its 128.5 billion yen loss the previous year, is mainly due to cost-cutting efforts, strong domestic sales of two new models and a weaker, yen the firm said.