Tokyo (ots/PRNewswire) -
- Operating Profit Up 15.8% at 211.9 Billion Yen
Nissan Motor Co., Ltd., today announced financial results for the
third quarter of fiscal year 2007, ending March 31, 2008, as well as
for the first nine months. In the third quarter, consolidated net
income after tax came to 132.2 billion yen (US $1.13 billion, euro
0.81 billion), up 26.6% compared with the same period a year ago.
The improvement in net income reflects the success of recent product
introductions, strong sales in the General Overseas Markets (GOM)
and a favorable tax position.
Net revenue rose 18.2% to 2.7701 trillion yen (US $23.60 billion,
euro 17.01 billion). Nissan's operating profit totaled 211.9 billion
yen (US $1.81 billion, euro 1.30 billion), up 15.8%. The operating
profit margin came to 7.7%. Ordinary profit amounted to 201.6 billion
yen (US $1.72 billion, euro 1.24 billion), up 13.8%.
"Despite the headwinds that affect our industry, Nissan has
benefited from the success of the new products launched during the
past 12 months," said Nissan President and CEO, Carlos Ghosn.
"Although the market outlook remains volatile for the coming months,
Nissan is focused and on track to deliver our full year objectives,"
Nissan sold a total of 898,000 vehicles worldwide in the
October-to-December 2007 period, up 13.0%.
In the April-to-December 2007 period, net income after tax totaled
344.6 billion yen (US $2.94 billion, euro 2.12 billion), down 9.0%
compared with the previous year.
Net revenue rose 13.9% to 7.8346 trillion yen (US $66.73 billion,
euro 48.10 billion). Operating profit totaled 579.1 billion yen (US
$4.93 billion, euro 3.56 billion), up 8.9%. Operating profit margin
came to 7.4%. Ordinary profit amounted to 561.9 billion yen (US $4.79
billion, euro 3.45 billion), up 4.4%.
Globally, Nissan sold a total of 2,714,000 vehicles in the first
nine months, up 8.4% compared with last year.
In the first nine months of 2007, Nissan has launched nine all-new
models: Livina, X-Trail, Altima coupe, Atlas F24, Aprio, Infiniti G37
coupe, Rogue, GT-R and Infiniti EX. During the fourth quarter of
2007, two more products are being introduced: the Murano and Frontier
Navara Single Cab pickup.
Nissan's forecast for the full fiscal year is unchanged at an
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
Notes: Amounts in dollars and euros are translated for the
convenience of the reader at the foreign exchange rates of 117.4
yen/dollar and 162.9 yen/euro, the average rates for the first nine
months of the fiscal year ending March 31, 2008.
For more information, contact:
Nissan Motor Co., Ltd.
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. Communications
CSR Department, Global Communications CSR and IR Division,