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Nissan’s Quarterly Profit Rises 5%
Nissan Motor Co. reports net income in January-March of 114.9 billion yen ($1.1 billion) compared with 110 billion yen in the first quarter of 2013.
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Nissan Motor Co. reports net income in January-March of 114.9 billion yen ($1.1 billion) compared with 110 billion yen in the first quarter of 2013.
Revenue for the period climbed 21% to 3.2 trillion yen ($31 billion). Quarterly operating profit increased 20% to 198 billion yen ($1.9 billion).
For the full fiscal year ended March 31, Nissan's net revenue climbed 20% to 10.5 trillion yen ($105 billion), and net income rose 14% to 389 billion yen ($3.9 billion). The company's operating profit for the 12-month period advanced 14% to 498 billion yen ($5 billion).
Nissan's global vehicle sales in fiscal 2013 rose nearly 6% to 5.2 million units. Gains in Japan (11%), China (17%), North America (12%) and Europe (2%) offset a 9% drop in other markets.
For fiscal year 2014 that began April, Nissan predicts its retail volume will grow 9% to nearly 5.7 million units. It forecasts net revenue will expand 3% to 10.8 billion yen, operating profit will jump 7% to 535 billion yen, and net income will rise 4% to 405 billion yen.
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