Nissan quarterly net Profit up 37% on Robust US, China sales

GMT 08:36 2014 Tuesday ,29 July

Arab Today, arab today Nissan quarterly net Profit up 37% on Robust US, China sales

net profit for the April-June quarter soared 37 percent to US$1.1 billion
Tokyo - SPA

Nissan Motor Co said Monday its net profit for the April-to-June quarter rose 37 per cent year-on-year, to 112 billion yen (1.1 billion dollars) due to strong global sales, dpa reported.
Japan's second-largest carmaker also reported a 13-per-cent increase in operating profit to 122 billion yen for the period. Sales rose 10.4 per cent to 2.5 trillion yen.
'Nissan continued to make progress in the first three months of the fiscal year as encouraging demand for new products, benefits from recent plant investments, and improving market conditions in North America, China and Europe combined to lift both revenues and profits,' company president and chief executive Carlos Ghosn said.
The improvement reflected especially strong unit sales in key markets of China and the United States, up 21 per cent and 14 per cent, respectively, the company said.
Nissan maintained its net profit outlook at 405 billion yen and operating profit forecast at 535 billion yen for the financial year to March 2015, while sales were predicted at 10.8 trillion yen

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