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Mitsubishi Motors Net Jumps 60%

TOKYO—Mitsubishi Motors Corp. 7211.TO +1.45% said its net profit soared 60% in the July-September quarter, helped by solid sales in Southeast Asian countries.

The Japanese car maker reported a net profit of ¥10.1 billion ($126.6 million) in the three months ended September, up from ¥6.3 billion a year earlier.

Sales, though, were down 7.3%, to ¥440.7 billion from ¥475.6 billion.

For this fiscal year, Mitsubishi—known for making the world’s first mass-produced electric car, the i-MiEV—left its net-profit forecast unchanged at ¥13 billion, while lowering its sales outlook to ¥1.830 trillion from ¥1.980 trillion.


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