Mitsubishi Electric Announces Consolidated Financial Results for the First Half and Second Quarter of Fiscal 2020
MITSUBISHI ELEC UNSP/ADR (MIELY)
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mitsubishielectric.com/company/ir/index.html
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Source: Business Wire
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the first half and second quarter, ended September 30, 2019, of the current fiscal year ending March 31, 2020 (fiscal 2020).The full document on Mitsubishi Electric’s financial results can be viewed at the following link:www.MitsubishiElectric.com/news1. Consolidated Half-year Results (April 1, 2019 – September 30, 2019)Revenue:2,182.5billion yen(1% increase from the same period last year)Operating profit:114.2billion yen(9% decrease from the same period last year)Profit before income taxes:124.0billion yen(12% decrease from the same period last year)Net profit attributable to Mitsubishi Electric Corp. stockholders:91.2billion yen(11% decrease from the same period last year)The economy in the first half of fiscal 2020, from April through September 2019, saw a slower growth in China, with the corporate sector experiencing a slowdown in exports and capital exp
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