At the end of the fiscal year ended March 31, the Japanese car manufacturer Mitsubishi Motors reported an increase in sales of 5% to 1 million 244 thousand cars. At the end of the earnings period, its net profit reached 132 billion 871 million yen, an increase of 23.5% over the year. Operating profit was 111 billion 800 million yen. Over the year, the figure rose by 13.9%. Revenue growth was at the level of 14.7%. Its volume amounted to 2 trillion 192 billion yen. Good annual results allowed Mitsubishi to predict further growth in the current fiscal year. So, according to its estimates, sales will increase by 5% to 1 million 305 thousand cars. The company expects sales growth in all regions except North America, where, according to its estimates, the figure will drop to 169 thousand from 173 thousand. The automaker's forecast for the current fiscal year also suggests an increase in revenue by 3%, but a decrease in operating profit to 90 billion yen.
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...