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Nissan Motor profit dips

Christian Fernsby |
Nissan Motor reported today a significant decline in its net income for nine months, with a double digit decrease in revenues.

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The Group's net income attributable to owners of the parent fell 87.6 percent to 39.3 billion yen from 316.7 billion yen last year. Operating profit slid 82.7 percent to 54.3 billion yen.

For the nine-month period, Nissan's revenues decreased by 12.5 percent to 7.507 trillion yen. The Group's global unit sales decreased 8.1 percent to 3.70 million units during the period.

Looking ahead to the full fiscal year, the Group now forecast attributable net income of 65 billion yen, operating profit of 85 billion yen, and revenues of 10.2 trillion yen, compared to earlier projections of 110 billion yen, 150 billion yen and 10.6 trillion yen respectively.

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