Mitsubishi hikes net income by 8% in quarter ended September

Article by Andrew Christian, on October 31, 2014

Mitsubishi Motors Corp. saw an 8-percent surge in its net income in the fiscal second quarter ended Sept. 30, 2014, to JPY32.7 billion ($298.9 million), boosted by good results in North America. The Japanese carmaker saw its revenues lie flat in the quarter at $4.76 billion. According to Mitsubishi, it posted a drop in pretax operating profits in Japan, where sales decline to an increase in taxes.

The carmaker added its pretax operating profits jumped in Europe. The automaker also saw its operations in North America log a turnaround from $8.2 million in operating losses in the same quarter a year ago to $6.4 million in operating profit, with revenues leaping 9 percent to $632.4 million.

Sales in the United States jumped 29 percent in the same period. Mitsubishi also managed to more than double its operating profits in Europe $46.6 million to $100.5 million, with revenues jumping 18 percent to $1.19 billion.

The carmaker, however, logged a 28-percent drop in operating profits in Asia except Japan to $112.4 million, with revenues surging just a percent to $941.2 million.

Topics: mitsubishi, income

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Bentley Motors has just released the specs of the new Bentayga Diesel. Obviously, we couldn’t wait to share it here since it’s the first ever diesel model to come out...
by - September 26, 2016
A big chunk of Volvo Cars’ legacy in developing the most durable and capable car is evident in its latest Cross Country collection. Suffice it to say, our planet has...
by - September 21, 2016
Just very recently, we were all delighted to finally see a Bugatti Chiron out in the streets casually hanging around Cannes in France. The said car was purchased by a...
by - September 9, 2016
Earlier this year, Aston Martin wowed the world with a stunning concept car – the Vanquish Zagato. The concept made its first appearance in May during the Concorso d’Eleganza Villa...
by - September 7, 2016
Lamborghini has always been known to be the home to exotic supercars. The Italian automaker’s production facilities have hosted uniquely designed and powerful show-stopping supercars. It all started with the...
by - September 5, 2016