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Mitsubishi FQ4 Net Profit Down 42%

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Mitsubishi Motors Corp (OTC: MMTOF) reported a 42% drop in its net profit for the fiscal fourth quarter.

Mitsubishi's quarterly net profit declined to Y10.3 billion, from Y17.8 billion, in the year-ago period. Its sales fell 0.7% to Y514.2 billion from Y517.6 billion, while operating profit dropped 7.7% to Y25.2 billion from Y27.3 billion.

In the full fiscal year, Mitsubishi's net profit climbed 53% to Y23.93 billion from Y15.62 billion. However, sales dropped 1.2% to Y1.807 trillion, from Y1.828 trillion.

For this fiscal year, Mitsubishi projects a net profit of Y25 billion on sales of Y1.980 trillion.

 

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