OREANDA-NEWS. Mitsubishi Motors Corporation (MMC) announced its sales and financial results for the first half of the 2013 fiscal year (FY) ending March 31, 2014 along with full-year forecast revisions.

MMC posted consolidated net sales of 929.0 billion yen for the first half of fiscal 2013 (April 1 through September 30, 2013), an 8% or 69.0 billion yen increase over the same period last fiscal year.

MMC posted an operating income of 50.8 billion yen, an increase of 65% or 20.0 billion yen over the same period last fiscal year. Negative factors such as increases in sales expenses including advertising costs and worsening of the model mix among others were overcome by steadily progressing reductions in material and other costs in addition to favorable foreign exchange rates.

Along with the increased non-operating income from factors including foreign exchange gains MMC posted an ordinary income of 61.0 billion yen, an increase of 93% or 29.4 billion yen over the first half of FY2012. Net income for the term came to 46.7 billion yen, an increase of 55% or 16.6 billion yen year-on-year.

Global retail sales volume for the first half of fiscal year 2013 totaled 499,000 units, a 4% or 21,000-unit increase over the same period last fiscal year.