Nissan Motor Co. announces financial results
Nissan Motor Co., Ltd., announced financial results for the first nine months of fiscal year 2004, ending March 31, as well as third-quarter performance. In the first nine months, net consolidated revenue rose 13.5%, compared with the same period in the previous year, to 6.099 trillion yen (US $56.22 billion, euro 45.69 billion) due to robust sales in the U.S. and a continuous improvement in European operations.
Nissan’s operating profit from April to December totaled 612.1 billion yen (US $5.64 billion, euro 4.59 billion), up 2.1% from the same period last year, while its operating profit margin came to 10.0%. Ordinary profit amounted to 611.9 billion yen (US $5.64 billion, euro 4.58 billion), up 3.9%. Net income after tax totaled 373.0 billion yen (US $3.44 billion, euro 2.79 billion), an increase of 2.7% compared with last year.