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He adds that it's not really about profitability (although the company will be profitable at the time of filing).
While American automakers are struggling to improve profitability, most Japanese automakers are already profitable at current exchange rates of 120 yen to the dollar.
For example, a process utilizing YZ5 is barely viable at the 2× price point becomes highly profitable at the 8× price point from an hourly profit perspective.
"The plant is not profitable at present.
Conventional wells are generally profitable at just half that level.
The company was, he said, "highly profitable" at the time.
But now, European sales are close to zero — not profitable at any cost.
This unit would be very profitable at a fraction of that price".
"The company continues to be substantially profitable at a time of industry wide decline in trading".
Now it is highly profitable — at least compared with its American counterparts.
Q. Was Mint profitable at the time of sale? A. We do not comment on revenues.
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