Mitsubishi Electric improves financials

February 3, 2004 -Strong demand for semiconductors and small LCDs for mobile phones helped Mitsubishi Electric slash its 3Q operating loss to ¥1.2 billion, down from a ¥13.9 billion loss a year ago. The company is forecasting a net profit of ¥12 billion on sales of ¥3.3 trillion in its current fiscal year, which ends in March.


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