The net profit of Nissan fell by 14% in the first financial quarter

The net profit of the Japanese automaker Nissan Motor in the first fiscal quarter ended June fell 14% year-on-year to 115 billion 800 million yen, which was due to a significant drop in sales in the US and Europe, as well as higher raw material costs. Revenue for the quarter was 2 trillion 717 billion yen, 1.6% down year-on-year. The company reduced the global sales figure by 3% to 1 million 310 thousand cars. In the US, sales fell by 9.5%, in Europe - by 12.7%, in Japan - by 0.8%.

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