Nissan reports an increase of 36.3 percent in net income for FY 2015
31 Jul 2015|2,417 views
Nissan reported net revenue of 2.90 trillion yen (S$32 billion), an increase of 17.6 percent versus 2.47 trillion yen (S$27.3 billion) a year ago. Operating profit was 193.7 billion yen (S$2.14 billion), up from 122.6 billion yen (S$1.36 billion), a 58.0 percent increase. Net income was 152.8 billion yen (S$1.69 billion), an increase of 36.3 percent versus 112.1 billion yen (S$1.24 billion) in the prior year.
The company unit sales increased 4.4 percent in a market that increased 1.5 percent. Market share rose to 5.9 percent, up from 5.7 percent the previous year. The company sold 1,294,000 vehicles during the period.
"Nissan delivered solid financial results in the first three months of the fiscal year due primarily to strong demand for our core products in North America and Europe," said Carlos Ghosn, President and Chief Executive Officer. "Given our on-going product offensive, the benefits of our Alliance strategy and continued cost-discipline, Nissan is on track to deliver its full-year financial guidance."
Nissan continued to benefit from strong sales of models from the Common Module Family developed within the Renault-Nissan Alliance, the Qashqai, Rogue and X-Trail. Nissan ended the period as best-selling Asian brand in Europe.
In the first quarter Nissan maintained its zero emissions leadership. Total sales since launch of the all electric LEAF have passed 180,000 units, and the company continued to expand its presence in electric commercial vehicles with the e-NV200.
Nissan reported net revenue of 2.90 trillion yen (S$32 billion), an increase of 17.6 percent versus 2.47 trillion yen (S$27.3 billion) a year ago. Operating profit was 193.7 billion yen (S$2.14 billion), up from 122.6 billion yen (S$1.36 billion), a 58.0 percent increase. Net income was 152.8 billion yen (S$1.69 billion), an increase of 36.3 percent versus 112.1 billion yen (S$1.24 billion) in the prior year.
The company unit sales increased 4.4 percent in a market that increased 1.5 percent. Market share rose to 5.9 percent, up from 5.7 percent the previous year. The company sold 1,294,000 vehicles during the period.
"Nissan delivered solid financial results in the first three months of the fiscal year due primarily to strong demand for our core products in North America and Europe," said Carlos Ghosn, President and Chief Executive Officer. "Given our on-going product offensive, the benefits of our Alliance strategy and continued cost-discipline, Nissan is on track to deliver its full-year financial guidance."
Nissan continued to benefit from strong sales of models from the Common Module Family developed within the Renault-Nissan Alliance, the Qashqai, Rogue and X-Trail. Nissan ended the period as best-selling Asian brand in Europe.
In the first quarter Nissan maintained its zero emissions leadership. Total sales since launch of the all electric LEAF have passed 180,000 units, and the company continued to expand its presence in electric commercial vehicles with the e-NV200.
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