Mitsubishi Motors profit improves on slashed costs, nets 10.1 bil. yen in Q2
October 31, 2012, 12:39 pm TWN
TOKYO -- Mitsubishi Motors' fiscal second-quarter net profit improved 60 percent to 10.1 billion yen (US$126 million) on cost cuts as the Japanese automaker recovered from last year's disaster despite lagging sales.
Mitsubishi Motors Corp. had reported a 6.3-billion-yen profit for the July-September period the previous year.
Quarterly sales dipped 7 percent to 440.7 billion yen (US$5.5 billion) as a strong yen and economic woes in Europe added to the damage, the Tokyo-based manufacturer said Tuesday.