TOKYO (Reuters) – Japanese automaker Subaru Corp said on Friday its operating profit for the past year halved after it suffered a string of setbacks including production delays and mounting recalls.
FILE PHOTO: The 2020 Subaru Outback is revealed at the 2019 New York International Auto Show in New York City, New York, U.S, April 17, 2019. REUTERS/Shannon Stapleton/File Photo
Japan’s seventh-biggest automaker released its results hours ahead of schedule after it inadvertently uploaded its financials on its website earlier than planned. The company initially withdrew the material, but not before social media noticed, sending its shares down more than 2 percent after the snafu.
The results, officially released at 10:25 a.m. (0125 GMT) instead of the scheduled 1:00 p.m., showed operating profit fell 48.5 percent