TOKYO, May 12 — Nissan reported a positive full-year net profit for the first time in three years today, citing cost-saving efforts and a stronger US market, but issued cautious forecasts. The Japanese auto giant was on a rollercoaster even before the disruption caused by the pandemic and, more...
TOKYO, May 12 — Nissan reported a positive full-year net profit for the first time in three years today, citing cost-saving efforts and a stronger US market, but issued cautious forecasts.
It cited some of those efforts in reporting an annual net profit of ¥215.5 billion — its first net profit since fiscal year 2018-19 — which surpassed its forecast of ¥205 billion. “It is clear that our industry and therefore our performance was impacted by intensifying headwinds in the last fiscal year,” said chief operating officer Ashwani Gupta.
Its bottom line was helped by a recovery in demand and the effects of a weaker yen, which has hit 20-year lows against the dollar in recent months. Nissan’s difficulties -Even before the global crisis, the firm was struggling with increasing sales costs and the saga surrounding its former chief Ghosn.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tok Mat urges Umno to remain relevant, rekindle connection with Malay community | Malay MailKUALA LUMPUR, May 11 — Umno’s deputy president Datuk Seri Mohamad Hasan has reportedly told his party to make itself contemporary, as it is seen to be “outdated” by the public. In a report by the online news portal Free Malaysia Today, the politician also known as “Tok Mat” explained...
Read more »
North Korea officially reports first Covid-19 outbreak | Malay MailSEOUL, May 12 ― North Korea officially confirmed its first Covid-19 outbreak today, with state media reporting a sub-variant of the highly transmissible Omicron virus, known as BA.2, had been detected in Pyongyang. “There has been the biggest emergency incident in the country, with a hole in...
Read more »
Immigration Dept may implement extended counter operating hours for three months, says D-G | Malay MailKUALA LUMPUR, May 11 — The Immigration Department expects counter operations until 10pm, which began today, to be implemented for three months. Its director-general Datuk Khairul Dzaimee Daud said this was due to the high demand for international passport applications and renewals following the...
Read more »
Spanish government to give three days menstrual leave to women suffering from period pain | Malay MailKUALA LUMPUR, May 12 ― Women in Spain suffering from period pain while at work will get three days of menstrual leave, the first Western country to have such perks. The matter is set to be approved by the Spanish government as early as next week, Daily Mail reported quoting Cadena Ser radio...
Read more »
Man City go three points clear after four-goal De Bruyne masterclass | Malay MailLONDON, May 12 — Kevin De Bruyne produced a four-goal masterclass as Manchester City thrashed Wolves 5-1 to move three points clear at the top of the Premier League, while Chelsea consolidated their top four place and pushed Leeds deeper into relegation trouble on Wednesday. City had seen...
Read more »
Khairy: 30-40pc of Long Covid patients return to work in three months | Malay MailPUTRAJAYA, May 10 — About 30 to 40 per cent of patients with Covid-19 long-term effects or Long Covid in the country return to work within three months of having the infection, whereas between 60 and 70 per cent return to work within six months, said Health Minister Khairy Jamaluddin. He said...
Read more »