Nissan Q2 operating profit drops 21.6pc, misses estimates (VIDEO)

TOKYO, Nov 8 — Nissan Motor Co today reported a 21.6 per cent drop in operating profit for the second quarter due to weakness in its North American business.

Its operating profit came in at ¥128.5 billion (RM4.7 billion) for the July-September period, down from 163.9 billion yen a year ago and below forecasts for ¥171.5 billion from eight analysts polled by Thomson Reuters I/B/E/S.

Nissan lowered its forecast for operating profit to ¥645.0 billion for the year to March 2018, from a previous forecast for ¥685.0 billion, to reflect the impact of improper final inspection procedures it had been following for vehicles produced in Japan for the domestic market. — Reuters

Nissan Motor Co Chief Executive Hiroto Saikawa attends a news conference at the company headquarters in Yokohama, south of Tokyo November 8, 2017. — Reuters pic
Nissan Motor Co Chief Executive Hiroto Saikawa attends a news conference at the company headquarters in Yokohama, south of Tokyo November 8, 2017. — Reuters pic

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