Nissan Motor Co reported increase in its quarterly operating profits as last year, Nissan reported record car sales, which helped in boosting the company’s market share all over the world, in every major region. The company reported a 3.6 percent rise in its operating profit and it has also kept the full year estimate of its earnings unchanged at the top level amongst the other top automobile manufacturers in Japan.
Even though the company launched a limited number of new car models, its automobile sales worldwide increased by 14 percent in 2011, as they totaled to 4.67 million vehicles. Chief executive officer of the company, Carlos Ghosn, who also leaders the company’s partner, Renault SA, said that top automobile makers need to make investments in future technologies.
The 2nd top automobile maker in Japan, Nissan earned a total of 118.1 billion yen as operating profit in the final October-December quarter of last year, which was slightly lower than the average estimate 10 analysts had expected the company to make as operating profit. The 10 analysts, who were surveyed and polled by Reuters, made an average estimate of 122.6 billion yen. Nissan’s reporting of profits comes under the Japanese accounting standards, with earnings coming from the 2nd largest economy of the world, China, which was included in its operating income.
Nissan’s net profit increased by 3.2 percent, as it settled at a value of 82.67 billion yen.
The company revealed that it sold a total of 1.205 million automobiles in the 3rd quarter, which was an increase of 19.5 percent if compared from the past year. Amongst the other three leading automobile makers in Japan, Nissan was the quickest to get back on its feet from the devastation which was caused by the March earthquake as well as the floods that took place in Thailand and largely affected supply chains. Nissan also got help from the popularity of its other new car models including Juke crossovers and Rogue.
