Mitsubishi Corp Reports 8.3% Decline In Net Profit, Lifts Revenue Forecast

Mitsubishi Corp

reported an 8.3% drop in its net profit for the six months ended September 30. Mitsubishi Corp's net profit for the period dropped to Y245.69 billion, from Y267.96 billion, in the year-ago period. Its revenue gained 4.5% to Y10.009 trillion from Y9.581 trillion. Mitsubishi Corp's operating profit declined 15% to Y168.61 billion. For the full fiscal year ending March 2012, Mitsubishi Corp lifted its revenue forecast to Y21.30 trillion from Y20.50 trillion. Mitsubishi Corp shares closed at $41.14 yesterday.