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Mitsubishi Motors Q2 profit rises 22%, beats estimates

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Mitsubishi Motors Corp on Tuesday posted a 22 per cent rise in second-quarter operating profit, beating estimates as strong sales growth helped to further drive the automaker’s recovery from a domestic mileage cheating scandal in 2016.

Operating profit at Japan’s sixth-largest car maker was 28.8 billion yen ($254 million) in July-September from 23.6 billion yen a year earlier.

The result compared with the 25.95 billion yen average of eight analyst estimates compiled by Refinitiv. (Reuters/NAN)

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