Mitsubishi drives back to profit
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Mitsubishi Motors makes a net profit in the last three months of 2006 despite a fall in vehicle sales.
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Tokyo - Scandal-hit Japanese automaker Mitsubishi Motors said Monday its interim net loss nearly doubled to Â¥146.16 billion and announced it was downgrading its full-year earnings forecast.
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Japanese car maker Mitsubishi, hit by a defect cover-up scandal earlier this year, posts heavy losses as sales plunge.
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Tokyo stocks showed little movement by   mid-morning on Tuesday as recent gainers such as real estate  and retailers met profit-taking, but optimism over improved  corporate earnings lifted selective stocks including Mitsubishi  Motors Corp.
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Nissan Motor Co, Japan's third-biggest automaker, reported a 16 percent rise in quarterly profit on Friday, helped by the popularity of vehicles such as the Rogue and Qashqai SUVs, and stuck to its forecast for a small gain for the full year.
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TOKYO  - Scandal-hit Japanese automaker Mitsubishi Motors said its interim net loss nearly doubled to a record 146.16 billion yen (1.
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Matsushita Electric Industrial Co. Ltd., the maker of Panasonic brand products, reported a 5 percent rise in quarterly operating profit, driven by robust sales of flat TVs, and it kept its full-year outlook.
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Nintendo Co. returned to profit in the first half of the fiscal year from a loss a year ago as the Japanese video-game maker erased foreign exchange losses and turned more profit with game-software sales.
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The South Korean consumer electronics and appliances company swung to a profit on strong sales of appliances and premium mobile phones.
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Anglo American reported a 76 percent increase in annual profit as it increased production capacity and benefited from higher metal prices. It also said it would buy back $3 billion worth of its shares. Anglo said profit for 2006 came to nearly $6.2 billion, up from $3.52 billion the previous year. Revenue rose 12 percent, to $38.6 billion. Excluding one-time items, Angloâs profit rose 46 percent, to $5.5 billion. The company did not break out quarterly results. âOur strong performance was due to increased production across the majority of our businesses and higher prices, in particular for base metals, platinum and iron ore,â the chief executive, Tony Trahar, said. Operating profit from gold rose 41 percent, the company said. Operating profit from diamonds was down 21 percent.
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TOKYO  - Nintendo, the world&#39;s largest maker of portable game consoles, said it returned to profitability in the first half after booking large foreign exchange gains.
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TOKYO Hoping for a turnaround, Mitsubishi Motors instead hit a wall on Monday as the ailing automaker reported a huge loss for the most recent quarter and said vehicle sales had plunged in Japan and the United States.
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Toyota Motor Corp., the worldâs most profitable carmaker, posted a 12.8 percent rise in first-half operating profit as strong overseas sales offset higher materials costs and losses from a weak dollar.
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Japanese stocks edged up by Wednesday  afternoon, led by gains in firms like Mitsubishi Electric  Corp., as solid earnings at some U.S. technology companies  soothed worries about the sector's outlook.
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Mitsubishi Motors Corp. said Monday that its losses jumped for the first half of the fiscal year as the Japanese automaker struggled to recover from an auto-defect scandal that has sent sales plunging.
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Tokyo, Feb. 5 (Jiji Press)--Mitsubishi Chemical Holdings Corp.  on Monday reported a group net profit of 88,728 million yen for April-December last year, up 22.3 pct from a year before.
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Production in Japan rose at three of the nation's top five automakers in September from a year ago, but was down at scandal-hit Mitsubishi Motors Corp. as well as at Nissan Motor Co., according to figures released Tuesday.