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Nissan says April-June net profit jumps 37% on-year to $1.1 bn

29 july 2014, 03:00
0
©Reuters/Toru Hanai
©Reuters/Toru Hanai

Nissan said Monday that net profit for the April-June quarter soared 37 percent to $1.1 billion, crediting robust overseas demand that offset weaker sales at home, AFP reports.

The Japanese automaker said it earned 112.13 billion yen ($1.1 billion), up from 82.0 billion yen a year earlier, as sales rose to 2.47 trillion yen from 2.23 trillion yen.

"Favourable sales in North America, China and Europe offset easing domestic sales and sales declines in emerging markets, which remain unstable," Nissan corporate vice president Joji Tagawa told a news conference.

Nissan left its full-year forecast unchanged, projecting a 405 billion yen net profit and sales of 10.79 trillion yen in the year to March 2015.

The automaker is the first of Japan's "Big Three" automakers to post their latest earnings, with Toyota and Honda reporting over the coming weeks.


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