Nissan full-year net profit more than halves to near-decade low

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AFP

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ID:

1557824352417545600

Tue, 2019-05-14 08:53

TOKYO: Crisis-hit Nissan on Tuesday revealed full-year net profits at a near-decade low and forecast a further decline as it battles to recover after the shock arrest of its talismanic former boss Carlos Ghosn.
The Japanese firm’s bottom-line profit for the fiscal year to March fell 57.3 percent to $2.9 billion (¥319.1 billion), the lowest since 2009-2010 when the company was struggling in the wake of the global financial crisis.