Mitsubishi Motors Corp. said Tuesday its operating profit for the April- September period dropped 9.9 percent from a year earlier to ¥30.82 billion, citing the yen’s strength and sluggish sales in Europe and China.
Its group net profit for the six-month period almost tripled to ¥30.06 billion, due mainly to profits from stock sales, with its group sales falling 5.2 percent to ¥859.96 billion, it said.
For the full business year, Mitsubishi Motors slashed its global sales target by 46,000 units to 1.04 million units.
The automaker cut its sales target in China for the full year by 31,100 units to 42,000 units.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.