Mitsubishi Motors H1 Profit Soars, Boosts FY22 Outlook

RTTNews | 906 dagar sedan
Mitsubishi Motors H1 Profit Soars, Boosts FY22 Outlook

(RTTNews) - Mitsubishi Motors Corp. (MMTOF.PK) reported Wednesday that its first-half net income attributable to owners of the parent soared to 82.74 billion Japanese yen from last year's 21.67 billion yen.

Earnings per share grew to 55.59 yen from 14.56 yen a year ago. Operating income for the quarter climbed 274.2 percent to 101.32 billion yen from last year.

Net sales for the first half increased 30.1 percent to 1.16 trillion yen from 890.57 billion yen in the same period last year.

Looking ahead for fiscal year 2022, the company now expects profit attributable to be 140 billion yen or 94.07 yen per share, on net sales of 2.53 trillion yen.

The company previously expected profit attributable to be 90 billion yen or 60.47 yen per share, and net sales of 2.35 trillion yen.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Swiss market closed modestly higher on Friday after moving in a tight bandwith investors digesting earnings updates and continuing to track the developments on the tariff front.
RTTNews | 1 dag sedan
European Stocks Close Higher

European Stocks Close Higher

Despite lingering uncertainty about U.S. government's trade policy, European stocks closed higher on Friday, with German and French markets gaining for a fourth straight session, and the U.K. moving up for the tenth consecutive session, as investors focused on earnings.
RTTNews | 1 dag sedan
U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April

U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated modestly less than previously estimated in the month of April. The University of Michigan said its consumer sentiment index for April was upwardly revised to 52.2 from a preliminary reading of 50.8. Economists had expected the index to be unrevised.
RTTNews | 1 dag sedan
Russia Holds Key Interest Rate As Expected

Russia Holds Key Interest Rate As Expected

The Bank of Russia left its interest rate unchanged as widely expected on Friday, despite high inflationary pressures. The board of directors, governed by Elvira Nabiullina, maintained the key interest rate at a record high 21.00 percent. The Russian central bank has raised the key interest rate by 1,350 basis points since July 2023.
RTTNews | 1 dag sedan
UK Retail Sales Rise; Consumer Sentiment Weakens

UK Retail Sales Rise; Consumer Sentiment Weakens

UK retail sales grew unexpectedly in March as good weather boosted demand for clothing and garden supplies, but U.S. President Donald Trump's tariff threats and concerns of higher inflation dampened consumer sentiment, data showed Friday. Retail sales grew 0.4 percent on a monthly basis, confounding expectations for a decline of 0.3 percent.
RTTNews | 1 dag sedan