Nissan profits jump 10% as sales rise

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download (3)Nissan has seen full-year profits jump 10%, boosted by better sales, cost-cutting and a weaker yen.

Japan’s second-biggest carmaker said net profits in the year to end-March were 389bn yen ($3.8bn; £2.26bn), on sales up 20% to 10.48tn yen.

Nissan forecast more growth this year, boosted by sales in emerging markets of its re-launched Datsun marque.

Japan’s carmakers have been helped by the weaker yen, which inflates profits repatriated from overseas.

Last week, Toyota reported annual net profits of 1.82tn, almost double the year before.

Nissan is currently increasing manufacturing capacity in Thailand, China and Russia.

– BBC
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A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow (YALI) who studied at Clark Atlanta University on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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