M'bishi Motors swings to first Q1 profit in 5 yrs

Newswire

TOKYO, July 30 (Reuters) - Japan's Mitsubishi Motors Corp. on Monday reported its first return to operating profit for the April-June quarter in five years thanks to a sharp rise in vehicle sales and a boost from the weaker yen. First-quarter operating profit was 6 billion yen ($50.68 million), versus a loss of 6.79 billion yen in the year-earlier period and overshooting its half-year forecast of 5 billion yen. Net loss nearly halved to 8.23 billion from 15.11 billion yen, as revenue ...

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