Reported about 12 hours ago
Mitsubishi Corp reported a 66.8 billion yen ($438.61 million) impairment charge for its offshore wind projects in Japan for the nine-month period ending in December. The company is reassessing its strategy due to a significantly altered business environment and rising global costs in offshore wind. Despite this charge, Mitsubishi posted a 19% increase in net profit for the same period, primarily from its LNG business and asset sales.
Source: YAHOO