business year: It also said operating profit would drop 7.7 percent to 685 billion, despite a 0.7 percent rise in sales, according to The Japan Times. The automaker said the forecasts are due to an expected increase in material costs and negative impacts from fluctuations in foreign exchange rates. Nissan said it estimates a 535 billion net profit for the business year running from April 1, down 19.4 percent on year. The company also announced its annual net profit for the 2016 fiscal year that ended in March, which came to 663 billion, up 26.7 percent on year. Sales for the business year also declined 3.9 percent to 11.72 trillion the first decline since the 2009 business year. Operating profit fell 6.4 percent to 742 billion.
(news.financializer.com). As
reported in the news.
Tagged under business year, profit topics.