Mitsubishi Result 31/10/2016

mitsubishi electric

mitsubishi electricMitsubishi Electric Corporation recorded Q2 net profits down 3% YoY to ¥45.4 billion ($432 million) on turnover which also fell 3% to ¥1.05 trillion ($9.9 billion). For the half year there were profits of ¥88.3 billion ($840 million), down 5%, on revenue which went down 4% to ¥1.97 trillion ($18.8 billion). The company cited the strong yen and lower consumption in China and Japan, but said that there was growth in Europe and the USA.