Unit sales increases, mostly in overseas markets, and a weaker yen have prompted Mitsubishi Motors Corporation (MMC) to revise its forecasts for the first half of the current fiscal year ending 31 March, 2008.
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There is no effect on the bottom line, however, as MMC is still forecasting a net loss of JPY15bn.
Ordinary income, however, is expected to improve 40% from a loss of JPY5bn to JPY3bn. Operating income is seen improving 200% from JPY5bn to JPY15bn on revenue up 8.5% from JPY1,170bn to JPY1,270 bn.
MMC said it would not be changing its consolidated forecasts for the full fiscal year because of uncertainties about domestic sales, currency movements and raw material costs.
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