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Nissan Results Show Sharp Rise in Operating Profit

Yokohama – Nov. 2 – Nissan Motor Monday announced first-half fiscal year financial results for the six-month period ending September 30, which showed a sharp increase in operating profit and solid revenue growth.

Strong demand for new products in North America and Western Europe, combined with the benefits of continued cost discipline and the yen correction against the US dollar, offset declining market conditions in Japan and several emerging markets.

Operating profit rose to 395.0 billion yen, a 6.7% margin on net revenues that climbed 15.3% to 5.93 trillion yen for the period.

“Nissan has delivered solid revenue growth and improved profitability in the first-half of the fiscal year, driven by encouraging demand for our vehicles in North America and a rebound in Western Europe, which compensated for market volatility elsewhere,” said Carlos Ghosn, president and chief executive officer.

Nissan sold 2.62 million vehicles globally during the period, a 1.3% rise year-on-year.

To watch the earnings briefing in English, please click here:

Results for six months to September 30, 2015
(TSE report basis – China JV equity basis)1
Net revenue ¥5.93 trillion
($48.7 billion/€43.9 billion)
Operating profit ¥395 billion
($3.2 billion/€2.9 billion)
Ordinary profit ¥427.7 billion
($3.5 billion/€3.2 billion)
Net income2 ¥325.6 billion
($2.7 billion/€2.4 billion)
Based on average foreign exchange rates of JPY 121.9/USD and JPY 135.1/EUR
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