Nissan Profits Tank By 6.4% Last Year Due To Heavy Discounts And Currency Fluctuations

Agent009 submitted on 5/11/2017 Auto Spies Photos Timestamp: 10:14:21 AM

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Nissan Motor Co. reported a 6.4 percent drop in operating profit in the just-ended fiscal year as foreign exchange losses and rising incentives undercut earnings.

Operating profit declined to 742.2 billion yen ($6.67 billion) in the fiscal year ended March 31, CEO Hiroto Saikawa said Thursday while announcing financial results.

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