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Mitsubishi Motors Corp Amends Mid-year and Full-year Consolidated Outlook for FY 2014


Thursday, 24 Oct 2013 02:00am EDT 

Mitsubishi Motors Corp announced that it has lowered its mid-year consolidated outlook for revenue from JPY 1,000,000 million to JPY 929,000 million, and raised its mid-year consolidated outlook for operating profit from JPY 36,000 million to JPY 50,800 million, ordinary profit from JPY 34,000 million to JPY 61,000 million, net profit from JPY 19,000 million to JPY 46,700 million, and earnings per share from JPY 31.26 to JPY 75.44, for the fiscal year ending March 31, 2014. The Company has lowered its full-year consolidated outlook for revenue from JPY 2,270,000 million to JPY 2,130,000 million, reaffirmed its full-year consolidated outlook for operating profit of JPY 100,000 million, and raised its full-year consolidated outlook for ordinary profit from JPY 90,000 million to JPY 100,000 million, net profit from JPY 50,000 million to JPY 70,000 million, earnings per share from JPY 82.25 to JPY 112.42, for the same fiscal year. The Company lowered its consolidated outlook for revenue mainly due to the decrease in automobile sales volume, and raised its consolidated outlook for ordinary profit and net profit mainly due to the material cost reduction as well as improvement on foreign exchange gain and interest revenue. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 2,153,560 million, operating profit of JPY 96,800 million and net profit of JPY 54,330 million, for the same fiscal year. 

Company Quote

1155.0
-3.0 -0.26%
30 Jul 2014