Nissan Revenue Up 12.1%, Operating Profit Up 2% in FY05 First Half; Net Income Down 3.4% Due to One-Time Charges.
PR Newswire Europe, October, 2005
TOKYO, Japan, October 28 /PRNewswire/ -- Nissan Motor Co., Ltd., today announced financial results for the first half of the fiscal year ending March 31, 2006, as well as second-quarter performance. In the six months through September, net income after tax totalled 230.7 billion yen (US $2.11 billion, euro 1.69 billion), down 3.4% compared with the same period last year due to one-time charges in the first quarter. The charges related to a change in Japanese accounting standards for the treatment of fixed assets and the introduction of Nissan's defined contribution pension plan.
Net revenues amounted to 4.491 trillion yen (US $41.01 billion, euro 32.95 billion) in the April-to-September period, up 12.1% compared with a year ago. Operating profit totalled...
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