Profit of Mitsubishi Car Company 2011

Mitsubishi Motors Corp. <7211> said Monday its group operating profit is expected to grow 24.1 pct from the previous year to 50 billion yen for the year to March 2012.

The Japanese automaker expects its sales in emerging economies and cost-cutting efforts will more than offset the yen’s appreciation, higher material prices and increased costs for the development of next-generation vehicles.

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