Mitsubishi hikes net income by 8% in quarter ended September

Article by Christian A., 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.

If you liked the article, share on:

Topics: mitsubishi, income



It’s a given that Sports Utility Vehicle could never take on a supercar. A Mercedes G-Class for instance, or even a Mitsubishi Outlander, would find it hard to outperform a...
by - March 19, 2018
BMW has great news as they have recently launched a 2018 X2 sDrive28i in the United States. And if you do not know what that means, it basically is a...
by - March 19, 2018
Earlier this week, we talked about Volkswagen’s plans to halt the production of the US spec Passat for a few weeks during spring. And now, we just learned new things...
by - March 17, 2018
In the past couple of months, there have been a number of special edition McLarens that have been released in the past few months. Some of these include the 720S...
by - March 16, 2018
The Lamborghini Huracan LP580-2 has been out in the market for about 2 years now, with the last number in the model’s name indicating that the vehicle has a two...
by - March 16, 2018