japan\s mitsubishi motors profit more than triples
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Japan\'s Mitsubishi Motors profit more than triples

Arab Today, arab today

Arab Today, arab today Japan\'s Mitsubishi Motors profit more than triples

TOKYO - AFP

Japan\'s Mitsubishi Motors said Wednesday net profit more than tripled for the year to March as the global market recovers and cost-cutting measures helped offset the yen\'s strength. The automaker gave no annual forecast for the current fiscal year due to uncertainty over the impact of last month\'s quake and tsunami that left about 26,000 people dead or missing and devastated northeastern Japan. Mitsubishi Motors\' net profit came to 15.6 billion yen ($191 million) for the fiscal year, up from 4.8 billion yen a year earlier. Its operating profit also nearly tripled to 40.3 billion yen, while sales jumped 26.5 percent to 1.83 trillion yen. \"Our sales volume increased mainly due to an expansion of the (global) market, particularly in emerging economies as well as the impact of launches of new models,\" Mitsubishi Motors said in a statement. \"Although we were affected by the appreciation of the yen, the net profit came to 15.6 billion yen due to the sales gain and cost-cutting effects,\" it said. \"However, the Great East Japan Earthquake caused serious damage to the region,\" it said. \"Like many other auto-related firms, our company has been affected in terms of supply chain.\" Mitsubishi Motors said it was unable to provide an earnings outlook for the year to March 2012 \"due to the extreme difficulty in producing rational forecasts considering the impact of the earthquake.\" Global retail sales volume for the fiscal year totalled 1.105 million vehicles, up 15 percent from the previous year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

japan\s mitsubishi motors profit more than triples japan\s mitsubishi motors profit more than triples

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

japan\s mitsubishi motors profit more than triples japan\s mitsubishi motors profit more than triples

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday