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Japan's Mitsubishi Motors To Book Y7 Billion Special Profit In 1st Half

Thursday September 28th, 2006 / 5h33

 

TOKYO -(Dow Jones)- Mitsubishi Motors Corp. (7211.TO) said Friday that it will book a special profit of Y7 billion for the first half ended Sept. 30 from returns on its investment in a real-estate trust business.

 

The Japanese car maker said its net results would be better than its outlook in April due to the special profit. But the company said it hasn't finalized compiling its earnings, adding that it may revise its outlook if necessary.

 

In April, the company predicted a group net loss of Y28 billion for the first half.

Mitsubishi's earnings are based on Japanese accounting standards. It plans to release its interim earnings results in late October.

 

-By Hiroyuki Kachi, Dow Jones Newswires, 813-5255-2929, [email protected] -Edited by Shawn Schroter