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Mitsubishi Motors H1 net loss 219.6 billion yen

Staff Writer | October 28, 2016
Mitsubishi Motors posted half-year net loss attributable to owners of the parent of 219.6 billion yen.
Mitsubishi Motors   Net sales slid 19.2 percent
This compares to a net profit of 52.08 billion yen last year. Loss per share for the period totaled 223.29 yen, versus profit per share of 52.95 yen a year ago.

The company reported an operating loss of 31.62 billion yen for the first half, versus operating profit of 58.42 billion yen last year.

Net sales slid 19.2 percent to 864.87 billion yen from 1.069 trillion yen a year ago.

Looking ahead to the full year, the company expects attributable net loss of 239.60 billion yen and operating loss of 27.60 billion yen, on net sales of 1.84 trillion yen.