Nissan profits up by 3.2%
Source: Agencies |
February 9, 2012, Thursday
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Print Edition
Print Edition
NISSAN'S quarterly profit rose 3.2 percent on healthier sales, that offset production damage from flooding in Thailand and a battering from a strong yen.
Yokohama-based Nissan Motor Co yesterday reported October-December third quarter profit of 82.7 billion yen (US$1.07 billion), up from 80.1 billion yen a year earlier.
The Japanese automaker, allied with Renault SA of France, sold 1.2 million vehicles worldwide during the quarter, an increase of 19.5 percent compared with the last three months of 2010.
Quarterly sales surged 10.9 percent to 2.331 trillion yen.
"Significant external headwinds such as the abnormally strong yen and floods in Thailand challenged us," said Nissan president and chief executive Carlos Ghosn. "Nissan responded decisively to these challenges," he said.
Nissan kept its profit forecast for the fiscal year through March 2012 unchanged at a 290 billion yen (US$3.8 billion).
Yokohama-based Nissan Motor Co yesterday reported October-December third quarter profit of 82.7 billion yen (US$1.07 billion), up from 80.1 billion yen a year earlier.
The Japanese automaker, allied with Renault SA of France, sold 1.2 million vehicles worldwide during the quarter, an increase of 19.5 percent compared with the last three months of 2010.
Quarterly sales surged 10.9 percent to 2.331 trillion yen.
"Significant external headwinds such as the abnormally strong yen and floods in Thailand challenged us," said Nissan president and chief executive Carlos Ghosn. "Nissan responded decisively to these challenges," he said.
Nissan kept its profit forecast for the fiscal year through March 2012 unchanged at a 290 billion yen (US$3.8 billion).
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