|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Nissan Net Profit Decreases 73% in First Half of Fiscal Year

TOKYO – Japanese carmaker Nissan said on Tuesday it recorded a net profit of 65.4 billion yen ($598 million) between April and September, marking a year-on-year 73.5 percent decline, mostly due to decreased sales.

During the first six months of the current fiscal year, Nissan posted an operating profit of 31.6 billion yen, 85 percent less than the previous year, the company said in a statement.

The Yokohama-based company’s revenue reduced by 9.6 percent to 5 trillion yen while its global unit sales between April and September stood at 2.5 million, a year-on-year decrease of 6.8 percent.

Nissan’s sales in Europe and the United States reduced by 19.7 percent and 4.3 percent respectively. However, they remained unchanged in China, its main market.

The weakening of demand “had a large effect on first-quarter (April-June) profitability,” according to the company.

Nissan also attributed the decline in its results to external factors such as exchange rate fluctuations, regulatory compliance expenses, increased raw material costs, and increased quality-related costs.

The Japanese company also published on Tuesday its forecast revisions for the current fiscal year, ending March 2020.

Nissan decided to reduce its net profit forecast to 110 billion yen, 35.3 percent less than its previous estimate.

Its operating profit would climb to 150 billion yen, 34.8 percent lower than the forecast, while sales revenue would go up to 11.3 trillion yen, 6.2 percent lower than estimated earlier.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2020 © All rights reserved