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Mitsubishi FQ1 Net Profit Down 15.2%

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Mitsubishi (OTC: MSBHY) 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.

 

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