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Mitsubishi Corp (8058.T)

8058.T on Tokyo Stock Exchange

2,624JPY
25 Sep 2020
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Thu, Aug 13 2020

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Mitsubishi Corp forecasts $2.8 billion hit to annual profit from COVID-19

TOKYO Japanese trading house Mitsubishi Corp said it had a difficult first quarter as net profit plunged 77% due to the coronavirus pandemic, which it said is likely to wipe 300 billion yen ($2.8 billion) off its full-year profit.

UPDATE 1-Mitsubishi Corp forecasts $2.8 bln hit to annual profit from COVID-19

* No plans to boost its stake in Mitsubishi Motors (Adds details, quotes and rivals' forecasts)

Mitsubishi Corp forecasts $2.8 bln hit to annual profit from COVID-19

TOKYO, Aug 13 Japanese trading house Mitsubishi Corp reported on Thursday a 77% plunge in net profit for the April-June quarter and predicted annual profit will tumble by 63% as the COVID-19 outbreak will wipe out 300 billion yen ($2.8 billion) in profit.

Renault CEO: I'm confident about alliance with Nissan

PARIS, July 30 The new CEO of French carmaker Renault said on Thursday he was confident that his firm's troubled alliance with Japanese partners Nissan and Mitsubishi would demonstrate that it was valuable for all sides.

BRIEF-Neuroscientific Biopharmaceuticals Says Signed Manufacturing Service Agreement With Mitsubishi Corp

* NEUROSCIENTIFIC BIOPHARMACEUTICALS LTD - SIGNED MANUFACTURING SERVICE AGREEMENT WITH MITSUBISHI CORPORATION

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