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Mitsubishi H1 Net Profit Down 23%

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Mitsubishi (OTC: MSBHY) reported a 23% drop in its net profit in the first half of the fiscal year.

Mitsubishi's net profit for the period fell to Y190.42 billion ($2.37 billion), from Y246.62 billion, in the year-earlier period.

Its revenue declined 3.6% to Y9.651 trillion from Y10.010 trillion, while operating income fell 67% to Y55.66 billion from Y168.61 billion.

Mitsubishi shares closed at $35.82 yesterday.

 

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