Nissan Motor Co., Ltd (NSANY.pk) reported third-quarter net income of 45 billion yen, compared to a loss of 83.2 billion yen in the year-ago period. Earnings per share were 11.03 yen as against loss of 20.42 a year ago.
Net sales for the quarter grew 9.9% to 1.996 trillion yen from 1.816 trillion yen in the same period last year.
Looking ahead, the company now projects net income of 35 billion yen, on net sales of 7.4 trillion yen, for the year ending March 31, 2010. Earlier, Nissan Motor had expected net loss of 40 billion yen on net sales of 7 trillion yen for fiscal year 2009.
For comments and feedback: editorial@rttnews.com