Photo: Mitsubishi
Japan-based Mitsubishi Motors Corporation (MMC) recently reported a global operating profit of $1.2 billion for the '13 fiscal year ending in March, an 83 percent increase over the former fiscal year.
Since April 1, 2013 through March 31, 2014, global retail sales volume totaled 1,047,000 units, which translates in a 6 percent or 60,000-unit increase.
However, Mitsubishi's Thai sales fell abruptly this term by 40 percent to almost 85,000 vehicles due to lingering negative effects stemming from the end of the government's "first-car buyer" program in December 2012, as well as sluggish demand due to political instability.
Thailand aside, Mitsubishi enjoyed a great fiscal year especially on the European markets, where sales grew by 11 percentage points, totaling 202,000 vehicles. The car maker has taken advantage of the weak Japanese yen exchange rates, which aided Mitsubishi's revenue by influencing the final selling price of its products in Europe and North America.
Asian markets sales volume came to 344,000 units, while countries such as Australia, New Zealand, Latin America, the Middle East and Africa all experienced year on year increases for a total of 261,000 units sold, a 14 percent or 31,000-unit increase overall.
For the first time in 16 years, Mitsubishi will pay its shareholders a 25 yen ($6 at current rates) dividend per share for the 2013FY. You can further analyze Mitsubishi's financial results by accessing the PDF file below.
However, Mitsubishi's Thai sales fell abruptly this term by 40 percent to almost 85,000 vehicles due to lingering negative effects stemming from the end of the government's "first-car buyer" program in December 2012, as well as sluggish demand due to political instability.
Thailand aside, Mitsubishi enjoyed a great fiscal year especially on the European markets, where sales grew by 11 percentage points, totaling 202,000 vehicles. The car maker has taken advantage of the weak Japanese yen exchange rates, which aided Mitsubishi's revenue by influencing the final selling price of its products in Europe and North America.
Asian markets sales volume came to 344,000 units, while countries such as Australia, New Zealand, Latin America, the Middle East and Africa all experienced year on year increases for a total of 261,000 units sold, a 14 percent or 31,000-unit increase overall.
For the first time in 16 years, Mitsubishi will pay its shareholders a 25 yen ($6 at current rates) dividend per share for the 2013FY. You can further analyze Mitsubishi's financial results by accessing the PDF file below.
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