Mitsubishi
The Japanese conglomerate, which has businesses ranging from automotive to energy to electronics, saw global revenues skid 6.4% and profits fall 7.6%. The company said its profits took a hit primarily due to issues with its carmaking division, its liquified natural gas business, and its petrochemical operations. Mitsubishi also said its mining business was impacted by a slump in demand for Australian metallurgical coal, but that this was offset by a rebound in its Chilean copper mining business. The Covid-19 pandemic, meanwhile, made predicting the quarters ahead too difficult. Like many of its peers, it has declined to provide forecasts for the coming year.
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Latest news for Mitsubishi
- No Primary Section FoundMitsubishi Just Started Testing a 90-Seat Passenger PlaneMarch 5, 2019 11:53 AM UTC
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- No Primary Section FoundChina Knows Where Electric Car Drivers Are at All Times, Report SaysNovember 29, 2018 1:58 PM UTC
- No Primary Section FoundCarlos Ghosn Fired as Chairman of Mitsubishi MotorsNovember 26, 2018 12:03 PM UTC
- No Primary Section FoundNissan Chairman Carlos Ghosn Is Likely Out After Lying About Compensation for ‘Many Years’November 19, 2018 12:46 PM UTC