YOKOHAMA: Nissan Motor Co forecast a better-than-expected 14.4 percent fall in annual operating profit on Thursday, defying a quake-induced setback in the past few months and projecting another year of record sales this business year.
Japan's No. 2 automaker forecast an operating profit of 460 billion yen ($5.73 billion) for the year to March 2012, exceeding an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.
It expects net profit of 270 billion yen, down 15.4 percent from last year.
Nissan Chief Executive Carlos Ghosn had flagged a positive surprise for sales a day earlier, saying the numbers would call for "significantly higher" volumes this year.
Speaking at a Thomson Reuters Newsmaker event on Wednesday, Ghosn said Nissan was very near normal production levels after the March 11 earthquake and tsunami had disrupted the industry's supply chain on an unprecedented scale.
Before the news, Nissan's shares ended up 1.3 percent, taking a cue from Ghosn's bullish comments on Wednesday. ' Reuters
Japan's No. 2 automaker forecast an operating profit of 460 billion yen ($5.73 billion) for the year to March 2012, exceeding an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.
It expects net profit of 270 billion yen, down 15.4 percent from last year.
Nissan Chief Executive Carlos Ghosn had flagged a positive surprise for sales a day earlier, saying the numbers would call for "significantly higher" volumes this year.
Speaking at a Thomson Reuters Newsmaker event on Wednesday, Ghosn said Nissan was very near normal production levels after the March 11 earthquake and tsunami had disrupted the industry's supply chain on an unprecedented scale.
Before the news, Nissan's shares ended up 1.3 percent, taking a cue from Ghosn's bullish comments on Wednesday. ' Reuters
No comments:
Post a Comment