Japanese automaker Nissan reports 92% jump in profit as sales surge
Nissan’s profit for the fiscal year through March has jumped 92% to 426.6 billion yen, or $2.7 billion, as the Japanese automaker’s sales grew in all major global markets except China
By Yuri Kageyama
Published - May 09, 2024, 05:10 AM ET
Last Updated - May 27, 2024, 01:00 AM EDT
TOKYO (AP) — Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen ($2.7 billion) as sales grew in all major global markets except China, the Japanese automaker said Thursday.
Annual sales surged nearly 20% to 12.7 trillion yen ($81.5 billion), Nissan Motor Co. said.
For the January-March quarter, profit at Nissan, based in the port city of Yokohama, edged down slightly to 101.3 billion yen ($650 million) from 106.9 billion yen.
Quarterly sales rose 13% to 3.5 trillion yen ($22 billion) for the maker of the Leaf electric car, Infiniti luxury models and Z sportscars.
