Mitsubishi Electric Corp. (MIELY.PK) reported net income attributable to the company of 30.4 billion yen for the first quarter, a 12% increase from the same quarter a year ago.
Net sales for the three-month period decreased 4% to 782.7 billion yen from the priro-year quarter, mainly hurt by decreased revenue in the Industrial Automation Systems, Electronic Devices and Home Appliances segments, and other factors.
Going ahead, for the first half of fiscal 2013, the company still expects net income attributable to Mitsubishi Electric to be 45.0 billion yen and net sales to be 1.71 trillion yen.
For fiscal 2013, the company still expects net income attributable to Mitsubishi Electric to be 120.0 billion yen and net sales to be 3.74 trillion yen.
Click here to receive FREE breaking news email alerts for Mitsubishi Electric Corp. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com