Mitsubishi Motors Q3 profit jumps 38 percent

  • News Digest

Feb 2, 2019-

Mitsubishi Motors Corp reported a 38 percent jump in third-quarter operating profit that beat expectations as the automaker’s global vehicle sales rose, particularly in its main market of Southeast Asia. Japan’s sixth-biggest automaker posted a 28.1 billion yen ($257.96 million) operating profit for October-December, up from 20.4 billion yen a year ago and exceeding the average 25 billion forecast in a survey of eight analysts, according to Refinitiv data. Mitsubishi’s seventh consecutive quarter of year-on-year profit growth came as strong sales in Thailand, Indonesia and the Philippines offset weakness in the United States and China. Global sales came in at 300,000 units, up from 279,000 units a year ago. Southeast Asia sales rose 12 percent. (REUTERS)

Published: 02-02-2019 13:11

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