Mitsubishi Motors Sees Annual Profit Rising On Asia Sales

Mitsubishi Motors Corp on Wednesday forecast a 12% rise in operating profit for the current financial year, as it expects increasing vehicle sales in Asia to help boost its bottom line. Mitsubishi Motors Corp on Wednesday forecast a 12 percent rise in operating profit for the current financial year, as it expects increasing vehicle sales in Asia to help boost its bottom line.

Japan's seventh-largest automaker said it expects operating profit to rise to 110.0 billion yen ($1.0 billion) in the year to March 2019, mostly in line with the median forecast for 111.5 billion yen in a Thomson Reuters I/B/E/S poll.

Its operating profit was 98.2 billion yen in the year just ended, meeting market forecasts and surging roughly 20-fold from the previous year, as the automaker continues to recover from a mileage-cheating scandal from two years ago. Its operating profit was 98.2 billion yen in the year just ended, meeting market forecasts and surging roughly 20-fold from the previous year, as the automaker continues to recover from a mileage-cheating scandal from two years ago. 

 

Section