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Despite the lack of chips: Nissan returns to profitability

The Japanese Renault partner Nissan returned to profitability in the first half of the current financial year. Despite lower sales as a result of the global supply bottlenecks in semiconductors, the automaker reported a net profit of 168.6 billion yen (1.3 billion euros) as of September 30th, as Nissan announced on Tuesday. In the previous year, the group shaken by the scandal surrounding the accused ex-boss Carlos Ghosn, who fled to Lebanon, had made a loss of 329.9 billion yen. Sales rose 27.6 percent to 3.95 trillion yen.

Nissan raised its profit forecast for the full fiscal year ending March 31, 2022 significantly to a net 180 billion yen. Previously, the company had assumed 60 billion yen. Sales are expected to rise 11.9 percent to 8.8 trillion yen. The group had finished the two previous years in the red. (dpa / swi)

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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