InfoAnda - Japan's Mitsubishi UFJ posts nine-month profit

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Japan's Mitsubishi UFJ posts nine-month profit AFP - Thursday, February 4 Send IM Story Print Japan's Mitsubishi UFJ posts nine-month profit Slideshow: Full Photo Coverage: Business & Economy TOKYO (AFP) - – Japan's top bank Mitsubishi UFJ Financial announced Wednesday a net profit of 2.4 billion dollars for the nine months to December, swinging from a year-earlier loss inflicted by the financial crisis. The group reported net earnings of 217.07 billion yen for the first three quarters of the fiscal year, against a loss of 42.07 billion yen in the same period of 2008. MUFG said it had benefited from increased lending income, cost cutting and a move to make consumer finance firm Acom Co. a consolidated subsidiary. The company maintained its earlier forecast for a net profit of 300 billion yen for the full financial year to March 2010. It did not disclose quarterly figures. While Japan's top banks were less affected than many of their Western peers by the financial crisis, they have not been immune to the market turmoil, largely due to their big stock portfolios. Mitsubishi UFJ owns a chunk of Morgan Stanley after throwing a nine-billion-dollar lifeline to the troubled Wall Street giant firm in 2008 in the midst of the global market meltdown. Recommend Send IM Story Print Related Articles ITT 4th-quarter profit rises, company ups outlook AP - 1 hour 5 minutes ago Greece leads world stocks down as doubts resurface AP - 1 hour 14 minutes ago Auxilium says FDA approved hand drug Xiaflex AP - 1 hour 21 minutes ago New Zealand virgin auctions herself for tuition AP - 1 hour 34 minutes ago Russia's VEB mandates Eurobond organisers Reuters - 1 hour 35 minutes ago News Search Top Stories US debt to hit ceiling by end February: Treasury Gunslinger reflex helps save lives: UK research EU backs Greek debt efforts Uproar in Brazil over huge Amazon dam plan Content is 'electronic emperor' says Murdoch More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Low serotonin linked to infants' sudden cot death: study Healthy adults need less sleep as they age: study Germany decides to buy Swiss tax-dodger data French court asks did Continental cause Concorde crash Content is 'electronic emperor' says Murdoch More Most Viewed » Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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