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Mitsubishi Motors expects 25% profit rise

Japanese automaker Mitsubishi Motors Corp (MMC) has said its annual operating profit is expected to rise by a better-than-expected 25% to $622m on a quick rebound in production and sales after the March 11 earthquake, Reuters has reported. "There was for a time concern that MMC's production would be seriously disrupted. However these initial concerns have been dispelled," the company said.