Mitsubishi Motors posted a nine-month operating loss of JPY19.8bn, 39.7bn yen down from the operating profit in the same period last fiscal year as cost reduction efforts failed to offset falling sales and the strong yen.
Sales fell 43% to JPY952.1bn. The net loss of JPY25.7bn was JPY20.9bn down from the net loss a year ago.
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Global retail sales volume for the first nine months of fiscal year 2009 slipped 19% to 689,000 units. Sales were down in all major markets.
Nonetheless, Mitsubishi increased its sales volume forecast 3% to 960,000 units, leaving its full-year financial forecasts unchanged at net sales of 1.5 trillion yen, operating profit of JPY30bn and JPY5bn net profit.
