Nissan Q3 revenue up 10.9%
Japanese automaker Nissan Motor has reported net revenue of JPY2.331 trillion ($30.12bn) for the third quarter ending December 2011, up by 10.9% compared to the corresponding quarter previous year.
For the third quarter the company posted an operating profit of JPY118.1bn ($1.53bn), an increase of 3.6% compared to the same period in 2010.
The company posted net income of JPY82.7bn ($1.07bn) for the third quarter, an increase of 3.2% compared to the corresponding quarter previous year.
For the quarter the Japanese automaker has sold 1.205 million vehicles worldwide, an increase of 19.5% compared to the prior year.
Nissan president and CEO Carlos Ghosn said significant external headwinds such as the abnormally strong yen and floods in Thailand challenged us during the third quarter.
"Nissan responded decisively to these challenges, boosted by the strength of our product, our global team and the execution of the Nissan Power 88 mid-term plan; I am confident that Nissan will deliver the full-year profitability targets," Ghosn said.
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