Chairman Misconduct Scandal Costs Nissan $84 Million amid Slashed Profit Forecast

Chairman Misconduct Scandal Costs Nissan $84 Million amid Slashed Profit Forecast


Japanese auto giant Nissan has revised its sales and profit forecast for the full year which ends next month downwards. The carmaker now estimates that its operating profit will come in at 450 billion yen ($4.1 billion). Previously Nissan had been expecting an operating profit of 540 billion yen. Despite the lowered full-year outlook, Nissan’s operating profit for the quarter that ended in December rose to 103.3 billion yen. In a similar period a year prior, the Japanese auto giant generated an operating profit of 82.4 billion yen. Nissan Expects to Sell Fewer Cars Globally Nissan’s operating margin is also

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Posted by Mark Emem on February 12, 2019 @ https://www.ccn.com/chairman-misconduct-scandal-costs-nissan-84-million-amid-slashed-profit-forecast

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