Nissan Raises Full-Year Profit Forecast

Posted on 02. Nov, 2011 by in Nissan Canada



Nissan Raises Full-Year Profit Forecast

Nissan Motor announced first-half formula display net income during $2.3 billion, and an handling domain of 7.1%.

The income figure was singular by a clever yen and a slow impact of a healthy disasters that struck Japan in March.

From Apr to September, Nissan sole over 2.22 million vehicles worldwide, a burst of 10.7% on year.

Chief Operating Officer Toshiyuki Shiga pronounced a association is on lane for a clever yearly performance.

“As we demeanour brazen to a second half of this mercantile year, we sojourn assured in Nissan’s ability to broach softened sell volumes and plain revenues notwithstanding severe marketplace conditions,” Shiga said.

“We will broach poignant increase reflecting continued operational movement and financial discipline, nonetheless a impact of a clever yen will continue to impact a full-year mercantile 2011 forecasts.”

Nissan revised adult a full-year foresee saying net income to $3.63 billion, formed on normal sell rates of 80 yen to a dollar, and 110 yen to a euro, for a second half of a year.

COO Shiga pronounced a clever yen stays a factor, notwithstanding new Japanese banking intervention.

“Clearly Nissan faces a series of risks in a second half, though we also see poignant opportunities ahead. The risks are subsequent especially from continued unfamiliar sell difficulties, a flooding in Thailand and ubiquitous signs of tellurian mercantile slowing,” he said.

Earlier, Nissan North America announced another record for Oct sales, jumping 22.1% on year to over 75,000 units.

Tags: ,

No comments.

Leave a Reply

You must be logged in to post a comment.