MHI Vestas is officially a profitable business

The offshore wind turbine manufacturer reaps a variety of results from several years of effort and books a profit of approximately 53.5 million as well as a galloping revenue.

by MAZ PLECHINGER

Philipe Kavafyan can celebrate achieving the first success criterion for leading MHI Vestas. The offshore wind turbine manufacturer, a joint venture of Vestas and Mitsubishi Heavy Industries enters its fifth fiscal year with black accounting figures. Altogether, the company has recorded a net profit of EUR 53 million for its fiscal year 2018-'19, the company informs in its annual financial statement.

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