Mitsubishi Electric’s net income down 16% y/y to USD256m in Q1 FY2013-14
Sales up 7% y/y to USD8bn
Mitsubishi Electric reported a 16% year-on-year (y/y) decrease in net income to JPY25.4bn (USD256.12m on 30 June 2013) for the first quarter (Q1) ended 30 June 2013 compared to JPY30.4bn (USD382.2m on 30 June 2012) for the corresponding period a year ago, according to the company’s press release.
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