Nissan Reports First Drop in Profit Under Ghosn

Japan's Nissan Motor said Thursday its net profits slumped by 11.1 percent in the year to March, the first drop in annual earnings under legendary chief executive and one-time saviour Carlos Ghosn.

Nissan reported net profit of 460.80 billion yen (3.98 billion dollars), down from 518.05 billion in the previous fiscal year.

Operating profit fell 10.9 percent to 776.94 billion yen while revenue rose 11percent to 10.47 trillion yen, helped by a weaker yen.


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neutral - 4/26/2007 11:41:24 AM

+1 Boost

3.98 billion profit eh???? Still no need to be upset.

tecnopolis - 4/26/2007 11:51:48 AM

+2 Boost

Carlos Ghosen is the greatest thing to happen to the auto industry since Inaki Lopez...

no1listensanyway - 4/26/2007 8:58:27 PM

+1 Boost

You have you to ride the good times and the bad.