Mitsubishi Motors announced single digit growth in sales and operating profits for the first nine months of its fiscal year but has revised down its full year unit volume forecast, leaving profit predictions untouched.
Sales rose 5% to JPY1,588.6bn and operating income was also up 5%, to JPY100.8bn as decreased sales in Thailand, Japan and Russia were offset by cost reduction and favourable foreign exchange rates.
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Net income for the nine months to 31 December, 2014 rose 12% to JPY98.6bn.
Global retail unit sales rose 4% to 806,000 vehicles though results were mixed by market.
Japan sales fell 19% to 79,000 units, North America was up 22% to 85,000, Europe volume rose 15% despite a dip in Russia, and Asia was flat with a 1% fall to 257,000 units.
Other region sales rose 7% to 214,000 units with increases mainly in the Middle East.
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By GlobalDataThe full year volume forecast is down 22,000 units to 1,067,000 with revenue now seen JPY10bn to JPY2170.0bn.
MMC still reckons it will book operating income of JPY135.0bn for the full year and also left its net profit prediction of JPY110.0bn unchanged.
