Of Special Interest
3rd February 2012
Lower loan costs & affiliates boost Mitsubishi UFJ profit
Mitsubishi UFJ Financial Group reported net attributable of ¥815.8bn (€8,109m £6,772m $10,685m Y67,406m) for the 9 months to the end of December up 48%.
Operating profit before loan losses was DOWN 1.3% with a fall in operating income of ¥86bn only partly offset by a reduction in general expenses of ¥38bn. Lower credit costs and a return to profit from affiliates were the positive factors partly countered by losses in equities to give a pre-tax profit up 42%