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Mitsubishi posts its first fiscal half operating loss of JPY32.5bn

tryme submitted on 10/30/2009 Official Bell & Ross Timestamp: 1:50:29 PM

2 user comments | Category: Misc News | Source: | SOURCE: www.4wheelsnews.com

Mitsubishi Motors’ operating loss for the first fiscal half amounted to JPY32.

5bn, about JPY57.9bn lower from a year ago. Mitsubishi explained that a drop in sales volume and the strong yen overcame cost cuts.

The net loss of JPY36..4bn yen was down JPY49.2bn on last year’s net profit. Sales fell 53% to JPY573bn. MMC indicated that the H1 results were mostly in line with the forecasts that were announced on April 27. With no regions recording increases, global retail sales volume fell 26% to 445,000 units.

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Mitsubishi posts its first fiscal half operating loss of JPY32.5bn

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User Comments

theoptimisticpessimist

Why is the company in business. They have one good car(Lancer Evolution), not car line, just one good car. Styling the rival Acrua and cars the offer a level of excitement akin to a Maytag. People abash the domestics for bad cars, all are far better than this company.

— theoptimisticpessimist (View Profile)

Posted on 10/30/2009 3:34:50 PM | reply to this comment | Votes: 4   

1UAW

So true and domestics are making money less chrysler.

— 1UAW (View Profile)

Posted on 11/3/2009 12:41:54 AM | | Votes: 0   

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