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Nissan’s Quarterly Profits Rise 25%
Nissan Motor Co. reports its net profit in its fiscal third quarter ended Dec. 31 jumped to 127 billion yen ($1.1 billion) from 102 billion yen in the same period in 2014.
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Nissan Motor Co. reports its net profit in its fiscal third quarter ended Dec. 31 jumped to 127 billion yen ($1.1 billion) from 102 billion yen in the same period in 2014.
Revenue during the period rose 3% to 3 trillion yen ($26 billion), even though retail unit sales fell 8% to 383,000 units. Nissan says an 8% hike in vehicle deliveries in the U.S.—coupled with modest gains in Europe and China—were not enough to offset weaker demand in emerging markets.
The company reiterates that it expects its revenue and profit for the year ending March 31 will climb 8% to 12.3 trillion yen ($107 billion) and 17% to 535 billion yen ($4.7 billion), respectively.
Nissan reports global sales of 5.4 million cars and trucks in calendar 2015 compared with 5.3 million in 2014.
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