May 10, 2019 / 1:40 AM / 5 months ago

Subaru releases earnings early after snafu, last FY op profit halves

TOKYO, May 10 (Reuters) - Subaru Corp released its earnings results hours ahead of schedule on Friday after the Japanese automaker inadvertently uploaded its financials on its website earlier than planned.

Subaru said it withdrew the material, but not before it was disseminated on social media. Shares in the company dropped more than 2 percent after the snafu.

Japan’s seventh-biggest automaker said its operating profit fell 48.5 percent to 195.53 billion yen ($1.78 billion) in the year ended in March, hit by a string of recalls, production stoppages and inspection cheating. ($1 = 109.9300 yen) (Reporting by Chang-Ran Kim and Chris Gallagher)

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