Tokyo (ots/PRNewswire) -
- Revenue Up 11.7%, Strong Global Sales
Nissan Motor Co., Ltd., today announced financial results for the
first half of fiscal year 2007, ending March 31, 2008, as well as
second-quarter performance. In the six months through September, net
income after tax totalled 212.4 billion yen (US $1.78 billion, euro
1.31 billion), down 22.5% compared with the same period last year due
mainly to a higher effective tax rate and less favourable one-time
items compared to the same period in 2006.
Net revenues amounted to 5.064 trillion yen (US $42.42 billion,
euro 31.21 billion) in the April-to-September period, up 11.7%
compared with a year ago. Operating profit totalled 367.1 billion yen
(US $3.08 billion, euro 2.26 billion), up 5.3%, while the operating
profit margin came to 7.2%. Ordinary profit amounted to 360.3 billion
yen (US $3.02 billion, euro 2.22 billion), down 0.2%.
In the first half, Nissan sold 1,816,000 vehicles worldwide, up
6.3% compared with last year on demand for new products.
"With many further exciting products to come, Nissan is back on
track towards sustainable profitable growth and we maintain our
full-year forecast," said Nissan President and CEO Carlos Ghosn.
In the first six months of 2007, Nissan launched seven all-new
products worldwide: Altima coupe, G37 coupe, Atlas F24, Livina,
Aprio, Rogue and X-Trail. During the remainder of 2007, a further
four products will be added to the range with the GT-R, Murano,
Infiniti EX and Frontier Navara Single Cab pickup.
In the July-to-September second-quarter, Nissan's net revenues
amounted to 2.618 trillion yen (US $21.93 billion, euro 16.13
billion), up 12.7% compared with a year ago. Operating profit
totalled 218.7 billion yen (US $1.83 billion, euro 1.35 billion), up
12.0%, while the operating profit margin came to 8.4%.
Ordinary profit amounted to 209.0 billion yen (US $1.75 billion,
euro 1.29 billion), up 2.4% and net income totalled 120.1 billion yen
(US $1.01 billion, euro 0.74 billion), a decrease of 26.8%.
The improvement in second quarter operating profit comes from the
strong performance of newly-launched products and improved
geographical and product mix. Net income is down due to the continued
impact of a higher effective tax rate compared to the previous year.
Nissan sold 941,000 vehicles worldwide in the second quarter, up
6.6% compared with the prior year.
Nissan's forecast remains unchanged for the full fiscal year with
operating profit of 800 billion yen (US $6.84 billion, euro 5.41
billion) and net income of 480 billion yen (US $4.10 billion, euro
Note: Amounts in dollars and euros are translated for the
convenience of the reader only at the foreign exchange rates of 119.4
yen/dollar and 162.3 yen/euro, the average rates for the first half
of the fiscal year ending March 31, 2008.
For more information, contact:
Nissan Motor Co., Ltd. (Japan)
Communications CSR Department
Global Communications CSR and IR Division
ots Originaltext: Nissan Motor Co., Ltd.
Im Internet recherchierbar: http://www.presseportal.ch
For more information, contact: Nissan Motor Co., Ltd. (Japan),
Communications CSR Department, Global Communications CSR and IR