TOKYO: Nissan Reports an Operating Profit of 82.6 Billion Yen, A Net Loss of 684.4 Billion Yen for Fiscal Year 1999 Ended March 31, 2000 And Forecasts a Net Profit of 60 Billion Yen in Fiscal Year 2000
Nissan Motor Co., Ltd. announced financial results for the fiscal year ended March 31, 2000. The company reported a consolidated operating profit of 82.6 billion Yen ($ 778.9 million, Euro 809.5 million) with net sales of 5,977.1 billion Yen ($ 56.39 billion, Euro 58.60 billion), which decreased 9.2% compared to the previous year and 10.5% on a consistent basis. Consolidated operating income was 1.4% of net sales on a consistent basis compared to 1.8% in fiscal year 1998 because of the impact of adverse changes in foreign exchange rates. The average exchange rate for the dollar came to 112 Yen in fiscal year 1999 compared to 128 Yen in fiscal year 1998.
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