Revenues up at Nissan Motor in the first quarter, but profit down

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DPA

Revenues increased at Nissan Motor Co Ltd in its first quarter, but profits decreased, the Japanese carmaker reported on Thursday. Nissan Motor said that its first quarter net income was 47.1 billion yen ($34.73 million), lower than last year’s 114.5 billion yen. Consolidated operating profit declined to 64.9 billion yen from prior year’s 75.7 billion yen. Operating profit margin was 3%, lower than last year’s 3.8%. On a management pro forma basis, which includes the proportionate consolidation of results from Nissan’s joint venture operation in China, operating profit was 98.8 billion yen, eq…

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