Annual sales of Mitsubishi increased by 5%

At the end of the fiscal year ended March 31, the Japanese car manufacturer Mitsubishi Motors reported an increase in sales of 5% to 1 million 244 thousand cars. At the end of the earnings period, its net profit reached 132 billion 871 million yen, an increase of 23.5% over the year. Operating profit was 111 billion 800 million yen. Over the year, the figure rose by 13.9%. Revenue growth was at the level of 14.7%. Its volume amounted to 2 trillion 192 billion yen. Good annual results allowed Mitsubishi to predict further growth in the current fiscal year. So, according to its estimates, sales will increase by 5% to 1 million 305 thousand cars. The company expects sales growth in all regions except North America, where, according to its estimates, the figure will drop to 169 thousand from 173 thousand. The automaker's forecast for the current fiscal year also suggests an increase in revenue by 3%, but a decrease in operating profit to 90 billion yen.

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