World

Nissan quarterly net profit up 37% on robust US, China sales

DPA Tokyo | Updated on November 25, 2017 Published on July 28, 2014

Nissan Motor Co said on Monday its net profit for the April-to-June quarter rose 37 per cent year-on-year, to ¥112 billion ($1.1 billion) due to strong global sales.

Japan’s second-largest carmaker also reported a 13 per cent increase in operating profit to ¥122 billion for the period. Sales rose 10.4 per cent to ¥2.5 trillion.

“Nissan continued to make progress in the first three months of the fiscal year as encouraging demand for new products, benefits from recent plant investments, and improving market conditions in North America, China and Europe combined to lift both revenues and profits,” company President and Chief Executive Carlos Ghosn said.

The improvement reflected especially strong unit sales in key markets of China and the United States, up 21 per cent and 14 per cent, respectively, the company said.

Nissan maintained its net profit outlook at ¥405 billion and operating profit forecast at ¥535 billion for the financial year to March 2015, while sales were predicted at ¥10.8 trillion.

Published on July 28, 2014
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