Nissan announces H1 fiscal year financial results
In the six months through September, net income after taxes totalled 183.4bn yen (US $2.30bn, €1.61bn), down 12.0% compared with the same period last year.
Net revenues were 4.3674trn yen (US $54.73bn, €38.41bn) in the April-to-September period, up 1.1% compared with a year ago. Operating profit was down 7.5%, to 309.7bn yen (US $3.88bn, €2.72bn), resulting in an operating profit margin of 7.1%. Ordinary profit was 295.4bn yen (US $3.70bn, €2.60 billion), down by 6.3%.
In the first half, Nissan sold 2,225,000 vehicles worldwide, up 10.7% compared with last year.
Carlos Ghosn (Inset, Above), Nissan president and chief executive officer, said: ‘Nissan has once again delivered strong first-half earnings and healthy profit margins, reflecting the innovation and consumer appeal of our vehicles in all markets around the world. In spite of unfavourable currency fluctuations, numerous natural disasters and a volatile global economy, we remain on track to deliver a significantly profitable full-year performance.’
In the July-to-September second quarter, Nissan's net income was 98.4bn yen (US $1.26bn, €0.89 billion). Net revenues were 2.2855trn yen (US $29.34bn, €20.74 billion), up 0.7% compared with a year ago. Operating profit was 159.3bn yen (US $2.04 billion, €1.45 billion), resulting in an operating profit margin of 7.0%. Ordinary profit was 147.7bn yen (US $1.90 billion, €1.34 billion).
Nissan sold 1,169,000 vehicles in the second quarter, up 10.8% compared with the prior year.For more of the latest industry news, click here.