NISSAN has announced financial results for the first half of fiscal year 2011, as well as second-quarter performance.
In the six months through to September, net income after taxes totaled 183.4bn yen (£1.4bn), down 12 per cent compared with the same period last year.
Net revenues were 4.3674 trillion yen (£34.9 trillion) in the April-to-September period, up 1.1 per cent compared with a year ago.
Operating profit was down 7.5 per cent, to 309.7 billion yen (£2.4bn), resulting in an operating profit margin of 7.1 per cent. Ordinary profit was 295.4 billion yen (£2.3bn), down by 6.3 per cent.
In the first half, Nissan sold 2,225,000 vehicles worldwide, up 10.7 per cent compared with last year.
‘Nissan has once again delivered strong first-half earnings and healthy profit margins, reflecting the innovation and consumer appeal of our vehicles in all markets around the world,’ said Nissan president and CEO Carlos Ghosn.
‘In spite of unfavorable currency fluctuations, numerous natural disasters and a volatile global economy, we remain on track to deliver a significantly profitable full-year performance.’
In the July to September second quarter Nissan’s net income was up 0.7 per cent compared Q2 2010, and the quarter returned an operating profit margin of 7.0 per cent.