Mitsubishi Motors says now expects operating loss for FY2016

Mitsubishi Motors says now expects operating loss for FY2016
 

Japan's Mitsubishi Motors Corp said on Wednesday it now expects to post an operating loss for the year ending next March, hurt by additional expenses and a stronger yen.
The automaker projected an operating loss of 28 billion yen (219.97 million pounds) instead of the previous forecast for a 25 billion yen profit.
It now expects a net loss of 240 billion yen, deeper than the earlier forecast for a 145 billion yen loss, also due to an impairment loss on a domestic factory and a slower-than-expected recovery in emerging markets.
(Reporting by Taiga Uranaka; Editing by Chang-Ran Kim)
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19 October 2016 in Business, Views: 35
Source: Reuters
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