Mitsubishi Motors posts 38 percent jump in third quarter operating profit\, beats view

Mitsubishi Motors posts 38 percent jump in third quarter operating profit, beats view

Reuters  |  TOKYO 

(Reuters) - Motors Corp reported on Friday a 38 percent jump in third-quarter operating profit as the automaker's global vehicle sales rose, particularly in southeast Asia, its main market.

Japan's sixth-biggest automaker posted a 28.1 billion yen ($257.96 million) operating profit for October-December, up from 20.4 billion yen a year ago and exceeding the average 25 billion forecast in a survey of eight analysts, according to Refinitiv data.

Motors kept intact its forecast for full-year operating profit of 110 billion yen.

($1 = 108.9300 yen)

(Reporting by Naomi Tajitsu; Editing by Muralikumar Anantharaman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 01 2019. 13:41 IST