Mitsubishi had strong sales last year Unlisted Video

TOKYO -- Mitsubishi Motors Corp. reported a 14 percent increase in operating profit in the latest fiscal year as rising sales and cost controls offset foreign currency exchange losses. Mitsubishi’s operating profit climbed to 111.82 billion yen ($1.01 billion) in the full fiscal year ended March 31, the Japanese automaker said Thursday in its annual earnings report. Net income grew 24 percent, to 132.87 billion yen ($1.20 billion) in the 12 months.