Nissan reports net income of 325.6 billion Yen
Nissan Motor Co. yesterday announced first-half fiscal year financial results for period ending September 30, 2015.
Nissan reported sharply increased operating profit and solid revenue growth. Strong demand for new products in North America and Western Europe offset declining market conditions in Japan.
Operating profit rose to 395.0 billion yen for the period, representing a 6.7 per cent margin on net revenues that climbed 15.3pc to 5.93 trillion yen for the period. Net income was reported to be 325.6bn Yen.
“Nissan has delivered solid revenue growth and improved profitability in the first-half of the fiscal year, driven by encouraging demand for our vehicles in North America and a rebound in Western Europe,” said President and CEO Carlos Ghosn.
On a management pro forma basis, which includes the proportional consolidation of results from Nissan’s joint venture operation in China, net revenue for the period increased to 6.45trn yen, up 14.4pc year-on-year. Operating profit was up 38.8pc versus the same period last year, to 461.6bn yen, resulting in a 7.2pc operating profit margin.
Nissan sold 2.62m vehicles globally during the period, a 1.3pc rise year-on-year. Nissan also remained the world-leader in electric vehicles
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