Nissan Motor’s 9 months net profit exceeded 200 billion yen

The Japanese auto manufacturer Nissan reported that its net gain amounted to 201.3 billion yen or $1.7 billion in the first 9 months of the current financial year. In the similar term of the former year, a net loss was recorded. Earnings per share were 51.44 yen or 45 cents. The revenue volume received by the company in the reporting period increased to 6.2 trillion yen or 53.3 billion dollars, which is 15.7% more than in the 9 months of the prior fiscal year. Sales of the automaker soared in the reporting period by 2.8 times in annual terms. The company has commercialized 7 million 880 thousand cars. In the European market, including the Russian Federation, Nissan sales increased 3 times to 822,000 cars. Automaker Nissan released its projection for the current financial year. He expects annual revenue to reach 8.7 trillion yen, or $75.5 billion, slightly less than the company’s November forecast. Net profit guidance was raised by 25 billion yen to 205 billion yen or $1.8 billion. The company plans to sell 3 million 800 thousand vehicles in the 2021-2022 financial year.


About author

Arseny Kudrin

Publicist, trader

Read previous post
← The economy of Kazakhstan grew by 4% in 2021
Read next post
EU car sales could grow by 7.9% in 2022 →
Get the best solution for your forex company. Please, submit the form below and we will get back to you within 24 – 48 hours.