Mitsubishi Electric’s Q1 net profit down 10% y/y to USD396.2 million
Company reaffirms full-year FY2019/20 outlook
Mitsubishi Electric has reported 10% year-over-year (y/y) decline in net profit to JPY42.7 billion (USD396.2 million) in the first quarter ended 30 June 2019, the company said in a press release on 30 June 2019. Revenue remained unchanged at JPY1.05 trillion, as reported a year earlier. The company reported 11% y/y drop in operating income to JPY54.9 billion.
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