China · Japan · Nation Thailand
Nissan cuts annual sales forecast as first-half loss narrows
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Cost savings brought Nissan Motor Co. back to an operating profit in April–September, yet higher interest expenses left it with a consolidated net loss of 39.7 billion yen.
Key facts
- The carmaker presented its results on Wednesday (November 11), retaining a 20 billion yen net profit forecast for the financial year ending next March.
- China accounted for the setback in first-half vehicle sales: a 15% fall there exceeded the gains made in North America and Japan.
- Nissan's global total consequently dropped to 1.41 million vehicles, 4.7% below the previous year's level.
- Revenue reached 6,071.9 billion yen, an increase of 8.8%
- Thai gold prices close THB1,400 lower after volatile trading
Summary
The carmaker presented its results on Wednesday (November 11), retaining a 20 billion yen net profit forecast for the financial year ending next March.
Its worldwide vehicle sales projection, however, was reduced to between 2.97 million and 3 million from 3.15 million because of sluggish sales in China.