Business
Nissan says April-June net profit jumps 37% on-year to $1.1 bn
Publish Date: Jul 28, 2014
Nissan says April-June net profit jumps 37% on-year to $1.1 bn
Nissan-Juke-Midnight-Edition-2013
  • mail
  • img
newvision

Nissan said Monday that net profit for the April-June quarter soared 37 percent to $1.1 billion, crediting robust overseas demand that offset weaker sales at home.

The Japanese automaker said it earned 112.13 billion yen ($1.1 billion), up from 82.0 billion yen a year earlier, as sales rose to 2.47 trillion yen from 2.23 trillion yen.

"Favourable sales in North America, China and Europe offset easing domestic sales and sales declines in emerging markets, which remain unstable," Nissan corporate vice president Joji Tagawa told a news conference.

Nissan left its full-year forecast unchanged, projecting a 405 billion yen net profit and sales of 10.79 trillion yen in the year to March 2015.

The automaker is the first of Japan's "Big Three" automakers to post their latest earnings, with Toyota and Honda reporting over the coming weeks. AFP 

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
URA breaks 4-year jinx to post sh24.3b surplus
The Uganda Revenue Authority posted a sh24.3b tax collection surplus between July and December 2014, for the first time in more than four years, credited to strict tax controls and administration....
Pension arrears to be cleared this year
RETIRED civil servants will have their gratuity and pension arrears paid before the end of this financial year, thanks to the stringent reforms that have seen the finance ministry save over sh200b...
Automation improves revenue collection by 21%
OVERALL automation and adaption of online tax systems have pushed up revenue collection up by 21% in the last two years, the tax authority has revealed...
Minister Kyambadde urges farmers to join cooperatives
The minister of trade, industry and cooperatives Amelia Anne Kyambadde has called on Ugandan farmers to form or join cooperative societies...
Uganda to get income status by 2018
THE Ugandan economy is three years away from attaining low middle-income status if the second phase of the national development plan is well implemented...
Oil prices mixed after Saudi king
OIL prices traded narrowly mixed after the death of the king of Saudi Arabia, OPEC's largest oil producer, and on concerns about unrest in Yemen...
Should local leaders arrest parents who oppose UPE?
Yes
No
Can't Say
follow us
subscribe to our news letter