JAPAN: Mitsubishi hikes H1 forecast as sales rise unexpectedly
Mitsubishi Motors Corporation has raised its forecasts for the first half of fiscal 2011/12 to 30 September, citing an “unexpected increase in sales volumes and reductions in selling expenses and other costs”.
Mitsubishi Motors Corporation has raised its forecasts for the first half of fiscal 2011/12 to 30 September, citing an “unexpected increase in sales volumes and reductions in selling expenses and other costs”.
It now expects sales of JPY907.5 trillion, up from JPY880 trillion, a 3.1% increase, operating income of JPY34.2bn (JPY18bn, 90%) and net income of JPY10.6bn (break-even).
“MMC expects the increase in operating income to compensate for increased non-operating loss due to currency exchange rates,” the automaker said in a statement.
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