Mitsubishi Electric Corp

6503: XTKS (JPN)
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Mitsubishi Electric Earnings: Record Quarterly Sales, Infrastructure Powers Profit Upturn

Mitsubishi Electric reported record June-quarter sales of JPY 1.3 trillion and operating profit of JPY 112 billion, primarily driven by its infrastructure business. Segment sales rose 22.3% year on year to JPY 265 billion, with margin up 5.1 percentage points to 6.8%. Shares jumped 6% on Aug. 1.

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