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14 April 2024

Nissan swings back to profit

Nissan has revised its forecast for its financial year through March. (SUPPLIED)

Published
By Staff Writer

Japanese carmaker Nissan says it swung into the black during the October-December quarter, and now projects a profit for the full financial year.

Nissan said yesterday it had a ¥44.97 billion (Dh1.84bn) net profit in its third quarter, versus a ¥83.16bn loss a year earlier.

The company also revised its forecast for its financial year through March, and now projects a profit of ¥35bn versus its previous forecast for a ¥40bn loss, quoting its strong performance in the third quarter.

 

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