Mitsubishi Motors (MMC) boosted fiscal first quarter operating profit 7% on sales down 2%.

Sales were JPY409.4bn as wholesale volume fell and operating income was JPY16bn due to favourable exchange rates and cost cuts.

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However, net income fell 18% to JPY16.4bn. Last year there was a one off JPY11.4bn gain from the sale of stock in affiliates.

Global retail sales rose 4% to 249,000 units.

First half and full year forecasts were unchanged.

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