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JAPAN -- Mitsubishi Heavy Industries Ltd, after recording a loss of Y38.71 billion for the first half of fiscal year 1999, has posted a pre-tax profit of Y10.91 billion for the same period this year.
The company's full-year reporting date is March 31, 2001.
The Japan Times said the company, which recently entered a global alliance with Nissan Motor Co Ltd, attributed the profit to improved performance in midsize manufactured products, such as air conditioning, forklifts and machines tools.
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