🚀 ProPicks AI Hits +34.9% Return!Read Now

Mitsubishi Motors sticks to full year profit guidance, uncertain on sales

Published 08/10/2014, 14:24
Updated 08/10/2014, 14:30
Mitsubishi Motors sticks to full year profit guidance, uncertain on sales
7211
-

MILAN (Reuters) - Mitsubishi Motors (T:7211) expects to meet its full-year guidance for operating profit for the 2014-15 financial year, but is not yet certain it can meet its forecast for sales, a spokesman for the company said on Wednesday.

The Japanese carmaker currently forecasts operating profit rising to 135 billion yen (0.77 billion pounds) in the year to end-March from 123.4 billion yen the previous financial year. Sales volumes are expected to rise to 1.182 million units from 1.047 million the previous year. The company said it was too early to say whether weaker-than-expected sales volumes in Japan, Russia and Thailand can be compensated by the better-than-expected sales volumes in North America, Middle East and Europe.

(Reporting by Agnieszka Flak, editing by Danilo Masoni)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.