16:59 - 10.05.2023

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May 10, Fineko/abc.az. Japanese automaker Mitsubishi Motors expects net profit to fall by 41% in the current fiscal year, which began in April, to about 100 billion yens ($739 million), ABC.AZ reports with reference to Mitsubishi’s press release.

Mitsubishi Motors forecasts annual revenue growth of 9.8%, up to 2.7 trillion yens, sales growth of 10% up to 917,000 cars. However, various expenses and the strengthening of the yen will have negative impact on profits.

Mitsubishi's net profit by the end of the last financial year more than doubled to 168.73 billion yens. Revenue increased by 21% to 2.458 trillion yens.