Transportation Industry
Nissan reports record operating profit in 1st half.
Japan Transportation Scan, November, 2003
TOKYO, Nov. 6 Kyodo
Nissan Motor Co. reported Thursday a record group operating profit for the fiscal first half ended Sept. 30 for the seventh consecutive half year thanks to cost reductions and strong sales of new models.
The nation's No. 2 automaker said its group operating profit rose 15.2% from a year earlier to 401.13 billion yen on an 8.2% rise in group sales to 3,556.25 billion yen.
This brought the ratio of operating profit to sales up to a record high of 11.3% from 10.6% a year earlier, said Nissan, which is owned 44.4% by French automaker Renault S.A.
Backed by the robust earnings results, Nissan said it will raise its per-share interim dividend to 8 yen from 4 yen.
Global sales volume rose 5.9% to 1,467,000...
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