Japanese car manufacturer Nissan Motor reported on the results of the fiscal year, which ended on March 31. According to published reports, its operating income declined 1.8 times, reaching 318.2 billion yen. Net profit at the end of the year was at 319.1 billion yen. Its rate for the year fell by 57.3%. The company also reported a decrease in annual revenue by 3.2% to 11.574 trillion yen. The weak performance at the end of the year was due to one-time expenses of the company for the implementation of initiatives to improve the quality of sales in the United States, as well as the unfavorable business climate in the world. The number of cars sold during the earnings period was 5 million 516 thousand. Over the year, the figure fell by 4.4%. Decline in sales was recorded in the United States and Europe, while in Japan and China there was an increase in the indicator. The capitalization of Nissan has decreased by 5% since the beginning of the year.
HSBC reports 2019 annual profit, falls 33% short of forecasts11.02.2020
China’s inflation rate rises following Lunar New Year and virus outbreak07.02.2020
Uber expects gains at latter part of 2020 but braces for year of decline07.02.2020
Philippine Central Bank Governor hints mid-year monetary easing