AUSTRALIA: Struggling Mitsubishi back in black
Mitsubishi Australia returned to profit in 2001, reporting net income of $A16.1 million, compared with a $A186.4 million loss in 2000. The company said this was due to an almost two-thirds increase in exports as well as reduced costs. Sales rose by $A10 million to $A2.6 billion in 2001 while export sales were up 60 percent to 19,215 units helped by new Middle East orders and steady US sales of the Diamante.
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