Mitsubishi FQ1 Net Profit Down 15.2%

Mitsubishi

reported a 15.2% drop in its net profit for the fiscal first quarter. Mitsubishi's quarterly net profit fell to Y98.14 billion, from Y115.73 billion, in the year-ago period. Its operating profit declined 79.1% to Y17.61 billion from Y84.20 billion. Its revenue dropped 0.8% to Y4.805 trillion from Y4.845 trillion. Mitsubishi shares closed at $39.35 yesterday.