FY2008 2nd Quarter Financial Results, October 31, 2008
- Date
- October 31, 2008
- Venue
- Tokyo headquarters
Nissan Motor Co., Ltd. announced financial results for the first half of fiscal year 2008, ending March 31, 2009, as well as second-quarter performance. Net revenues amounted to 4.8693 trillion yen in the April-to-September period, down 3.9% compared with a year ago. Operating profit totaled 191.6 billion yen, down 47.8%, while the operating profit margin came to 3.9%. Ordinary profit amounted to 202.7 billion yen, down 43.7%. Net income after tax totaled 126.3 billion yen, down 40.5% compared with the same period last year. In the first half, Nissan sold 1,902,000 vehicles worldwide, up 4.7% compared with last year.
Despite the lack of reliable economic and industry forecasts and taking into consideration most factors affecting our activities, the company has revised its operating profit and its net income forecast for the full fiscal year 2008 to 270 billion yen and 160 billion yen, respectively. As a consequence of the revised operating profit forecast, the company will pay an interim dividend of 11 yen per share. Details of the second payment, based on the approval of the shareholders, will be provided at the Annual General Shareholders Meeting in June 2009.
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