Mitsubishi Motors Q1 profit rises on new models

Newswire

TOKYO, July 29 (Reuters) - Mitsubishi Motors Corp reported on Tuesday a 64 percent rise in quarterly operating profit thanks to sales contributions from the new Lancer and Outlander models, and it kept its forecasts unchanged. April-June operating profit was 9.86 billion yen ($91.76 million), up from 6 billion yen a year ago. Net profit was 10.30 billion yen, reversing a loss of 8.23 billion yen a year earlier. For the business year to March 2009, the Tokyo-based carmaker still expects ...

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