TOKYO: Mitsubishi Corp, Japan’s biggest trading house, reported a 12% rise in quarterly profit yesterday on the back of solid performances in metals and energy, putting it on track for record full-year earnings.
“All of our business groups posted a profit increase in the latest quarter. Our strategy of shifting focus to high-margin businesses from low-margin ones has begun to pay off,” chief financial officer Ichiro Mizuno told a news conference.
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