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Nissan’s Operating Profit Surges 58%
Nissan Motor Co.'s operating profit in April-June jumped to 194 billion yen ($1.6 billion) from 123 billion yen on surging sales in North America.
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Nissan Motor Co.'s operating profit in April-June jumped to 194 billion yen ($1.6 billion) from 123 billion yen on surging sales in North America.
Net revenue climbed 18% to 2.9 trillion yen ($23.9 billion). Unit sales rose 4% to 1.29 million vehicles, pushing Nissan's share of the global market to 5.9% from 5.7% a year earlier.
Net income for the quarter surged 36% to 153 billion yen ($1.3 billion). An 11% drop in consolidated unit sales in Japan was offset by 14% growth in North America.
Nissan affirms targets of 5.55 million unit sales in the current fiscal year ending next March 31. The company expects full-year revenue of 12.1 trillion yen ($105.2 billion), an operating profit of 675 billion yen ($5.9 billion) and net income of 485 billion yen ($4.2 billion).
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