Mitsubishi Motors doubles annual op profit

Newswire

TOKYO, April 24 (Reuters) - Mitsubishi Motors Corp, Japan's fourth-largest automaker, said on Thursday big cost cuts helped profits more than double last year, but analysts believe a soggy U.S. economy and intense competition will restrict growth this year. Mitsubishi reported a preliminary group operating profit of 83 billion yen ($689 million) for the year to March 31. That was up from 40.23 billion yen a year earlier and better than the average analyst forecast for 79 billion yen as ...

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