Nissan Operating Profit at 148.4 Billion yen and Net Income at 92.3 Billion yen in FY07 First Quarter.(Financial report)
PR Newswire Europe, July, 2007
TOKYO, July 24 /PRNewswire/ --
- Global Vehicle Sales up 5.9% on Demand for New Product
Nissan Motor Co., Ltd., today announced that consolidated net income after tax totaled 92.3 billion yen (US $764 million, euro 566 million) in the first quarter of fiscal year 2007, ending March 31, 2008, down 16.2% compared with the same period a year ago. The drop in net income is due mainly to a higher effective tax rate compared to the same period in 2006.
Globally, Nissan sold a total of 875,000 vehicles in the April-to-June period, up 5.9%. Net revenue rose 10.7% to 2.4465 trillion yen (US $20.25 billion, euro 15.03 billion).
Nissan's operating profit totaled 148.4 billion yen (US $1,228 million, euro 912 million), down 3.2% due mainly to...
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