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Mitsubishi Motors beats view with 38 percent profit jump on Southeast Asia sales

Reuters  |  TOKYO 

TOKYO (Reuters) - Mitsubishi Motors Corp reported a 38 percent jump in third-quarter operating profit that beat expectations as the automaker's global vehicle sales rose, particularly in its main market of Southeast Asia. Japan's sixth-biggest automaker posted a 28.1 billion yen ($257.96 million) operating profit for October-December, up from 20.4 billion yen a year ago and exceeding the average 25 billion forecast in a survey of eight analysts, according to Refinitiv data. Mitsubishi's seventh consecutive quarter of year-on-year profit growth came as strong sales in Thailand, Indonesia and ...

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First Published: Fri, February 01 2019. 14:03 IST