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Mitsubishi reveals its nine-month profit decreased by 23.4 percent

AFP
February 2, 2013, 12:05 am TWN

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TOKYO -- Japan's largest trading house Mitsubishi Corp. said Friday that its nine-month to December net profit dropped by nearly a quarter on higher costs and a slump at its Australian coal unit.

The company posted a 283.60-billion-yen (US$3.1 billion) net profit, down 23.4 percent from a year earlier, “mainly due to lower sales prices at an Australian resource-related (coking coal) subsidiary and a steel product-related subsidiary.”

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