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TOKYO,
Japan - Nissan Motor Co., Ltd., today announced that
consolidated net income after tax totaled 110.2
billion yen (US$962 million, Euro 783 million) in the
first quarter of fiscal year 2006, ending March 31,
2007, up 4.2% compared with the same period a year
ago. The rise in net income for 2006 reflects the
exceptional charges taken in the same period in 2005
relating to accounting standards changes and the
introduction of Nissan's defined contribution pension
plan.
Globally,
Nissan sold a total of 826,000 vehicles in the
April-to-June period, down 6.0%. Net revenue rose 3.1%
to 2.210 trillion yen (US$19.30 billion, Euro 15.71
billion).
Nissan's
operating profit totaled 153.3 billion yen (US$1.34
billion, Euro 1.09 billion), down 25.7%. The decline
was due in part to a one-time charge for a
four-cylinder engine warranty provision in North
America. Operating profit margin came to 6.9%.
Ordinary profit amounted to 156.7 billion yen (US$1.37
billion, Euro 1.11 billion), down 25.6%. |
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