SHARE
Japanese auto maker, Nissan has experienced a higher profit margin after massive sales in US, China and Europe.

According to reports, Nissan experienced a 27% increase in profit. That is 663.5 billion yen ($5.8 billion) profit between March 2016 and March 2017.
Sales of Nissan in US rose by 4% with most demands for Nissan Rogue and Altima Sedan. 8% rise in China and 7% in Europe excluding Russia.
Nissan said they sold nothing less than 5.63 million vehicles globally for the fiscal year and expects sales to grow to 5.83 million vehicles for the fiscal year through March 2018.
Despite the increase in profit, the company has forecasted a fall in profit by 19% that is 535 billion yen ($4.7 billion) between the rest of the year and March 2018.
Nissan said the reason for the fall is due to research investment and raw material expenses bite into bigger sales and cost cut efforts.
It's only fair to share...Share on Facebook0Share on Google+0Tweet about this on TwitterShare on LinkedIn0

LEAVE A REPLY

Please enter your comment!
Please enter your name here