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

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Mitsubishi Corp (OTC: MSBHY) 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.

 

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