Friday 24 June 2011

Summary Box: Nissan profit to fall, but sales up (AP)

AP - PROFIT AND SALES: Nissan is forecasting a 15.4 percent drop in profit for the fiscal year through March 2012 because of production disruptions from the March earthquake and tsunami in Japan and an unfavorable exchange rate. But it expects the number of vehicles it sells around the world to rise 9.9 percent to 4.6 million vehicles. Sales are expected to edge up 7.1 percent to 9.4 trillion yen ($117.5 billion).


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