JAPAN: Nissan to report record operating profit
Nissan Motor Company on Wednesday said it expects to report record operating profits of 737 billion yen ($US6.04 billion, euro 6.25 billion) for fiscal year 2002, which ended March 31, 2003. Announcing preliminary financial results for the full year, president and CEO Carlos Ghosn said the company expects to report a consolidated net profit after tax of 495 billion yen ($4.06 billion, euro 4.19 billion). Nissan expects its net automotive debt – which stood at 2.1 trillion yen at the start of fiscal year 1999 – to be completely eliminated.
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