Japan’s Mitsubishi Q1 net profit up 12% y/y on asset sales, weaker yen
Japanese trading company Mitsubishi reported a 12% year-on-year increase in net profit for the first quarter, reaching 354.4 billion yen ($2.37 billion) on Thursday. This result surpassed estimates, driven by asset sales and a weaker yen. Analysts polled by LSEG had anticipated a net profit of 290.8 billion yen. Mitsubishi exceeded this forecast primarily […]
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