Nissan Motor’s second quarter net profit fell 76.9% year-on-year

Recently, Nissan Motor announced its financial results for the first fiscal quarter of fiscal 2024 (April-June of the natural year).

The consolidated net revenue for the quarter was 2.

998 trillion yen (approximately RMB 141.

443 billion), a year-on-year increase of 80.7%. consolidated operating profit was approximately 1 billion yen (approximately RMB 47.

179 million), a year-on-year decrease of 127.6%. operating profit margin was 0%, a year-on-year decrease of 4.

4 percentage points.

net profit was approximately 28.

6 billion yen (approximately RMB 1.

349 billion), a year-on-year decrease of 76.9%. Nissan Motor's second quarter net profit fell 76.9% year-on-year , in terms of sales, Nissan’s global sales in this quarter were 787,000 units, which was the same as the same period last year.

However, due to the decline in profits, there was a large gap between the 97.

09 billion yen expected during the previous disagreement, causing Nissan’s share price to fall more than 9% intraday.

Nissan said that thanks to the launch of new models and mass production models, sales and profits are expected to improve in the second half of the year.

Nissan expects net sales for the whole year to reach 14.

0 trillion yen (previously estimated to be 13.

6 trillion yen).

It expects global car sales to be 3.

65 million units (previously estimated to be 3.

7 million units) and production to be 3.

45 million units.

(Compiled/Car Home Qin Chao), return to the home page of First Electric Network>,.

Link to this article: https://evcnd.com/nissan-motors-second-quarter-net-profit-fell-76-9-year-on-year/

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