Nissan profits jump 10% as sales rise
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Nissan has seen full-year profits jump 10%, boosted by better sales, cost-cutting and a weaker yen.
Japan’s second-biggest carmaker said net profits in the year to end-March were 389bn yen ($3.8bn; £2.26bn), on sales up 20% to 10.48tn yen.
Nissan forecast more growth this year, boosted by sales in emerging markets of its re-launched Datsun marque.
Japan’s carmakers have been helped by the weaker yen, which inflates profits repatriated from overseas.
Last week, Toyota reported annual net profits of 1.82tn, almost double the year before.
Nissan is currently increasing manufacturing capacity in Thailand, China and Russia.
– BBC
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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