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Mitsubishi releases financial results

European operations of Mitsubishi Motors Corporation have generated an operating profit of £119m compared to a loss of £-115m in FY2002.

Furthermore, on the depressed European car market, Mitsubishi Motors Europe sold 207,939 units in 2003, an increase of 2.4% over 2002 in the 36 countries it covers. For the fiscal year, this translates to 213,595 units.

This performance, achieved under severe market conditions in Europe, signals the completion of the first phase of MME´s turnaround, in less than 3 years.

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