Mitsubishi Motors posts Q1 loss, keeps forecast

Newswire

TOKYO, July 30 (Reuters) - Japan's Mitsubishi Motors Corp posted a quarterly loss on Thursday as car sales plunged, and it kept its annual profit forecasts, relying on emergency cost reductions. In the April-June quarter, Mitsubishi Motors had an operating loss of 29.6 billion yen ($312 million), swinging from a profit of 9.86 billion yen a year earlier. The average estimate of two analysts polled by Thomson Reuters was for a loss of 26 billion yen. For the financial year to March 31, ...

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