TOKYO (Reuters) -Japan’s largest banking group Mitsubishi UFJ Financial Group clocked a record annual net profit even as fourth-quarter profit fell by 41%. MUFG made a net profit of 114 billion yen ($782.11 million) in the January-March quarter compared to 192.8 billion yen in the same period the previous year. Annual profit hit 1.86 trillion […]
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Japan’s MUFG posts record annual profit despite 41% slump in Q4
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TOKYO (Reuters) -Japan’s largest banking group Mitsubishi UFJ Financial Group clocked a record annual net profit even as fourth-quarter profit fell by 41%.
MUFG made a net profit of 114 billion yen ($782.11 million) in the January-March quarter compared to 192.8 billion yen in the same period the previous year.
Annual profit hit 1.86 trillion yen, beating its previous record of 1.49 trillion yen last year.
($1 = 145.7600 yen)
(Reporting by Anton Bridge; Editing by Muralikumar Anantharaman)