TOKYO -- Mitsubishi Motors on Tuesday reported a 39% decrease in net profit on the year for the April-June quarter to 29.4 billion yen ($188 million), as shipments flagged in the crucial Southeast Asian market.
Automobiles
Mitsubishi Motors suffers 39% profit drop on weak Asia shipments
Automaker eyes earnings recovery in coming quarters as retail demand rebounds
Mitsubishi Motors underperformed market forecasts for net profit in the April-June quarter. © Reuters
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