Nis­san profit drops 13.3% in first half

China Daily (Canada) - - BUSINESS -

Nis­sanMo­tor Co an­nounced that net profit in the first half of fis­cal 2016 dropped 13.3 per­cent from a year ear­lier. The com­pany said that was due to the strength of the Ja­panese cur­rency erod­ing prof­its made over­seas, al­though ro­bust sales in its Chi­nese and North Amer­i­can mar­kets helped to limit the firm’s over­all losses. Ac­cord­ing to the Yoko­hama-based man­u­fac­turer, the group’s H1 net profit came in at 282.43 bil­lion yen ($2.70 bil­lion), with con­sol­i­dated op­er­at­ing profit drop­ping 14 per­cent To 339.73 bil­lion yen, based on sales of 5.32 tril­lion yen, a 10.3 per­cent de­crease in rev­enues.

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