Nissan latest carmaker expected to post losses amid Covid-19
Operating profit for the year to the end of March 2020 may be as much as ¥130bn less than the ¥85bn forecast in February
28 April 2020 - 18:14
Tokyo — Nissan Motor has warned that it expects to post a loss for the fiscal year just ended, becoming the latest global vehicle maker to be hit by the coronavirus pandemic.
Operating profit for the year to the end of March will be as much as ¥130bn ($1.2bn) less than the ¥85bn forecast in February, the Japanese company said on Tuesday. The company also gave an outlook for a net loss, ¥150bn to ¥160bn lower than the prior forecast for ¥65bn profit. That translates to an operating loss of as much as ¥45bn and net loss of as much as ¥95bn...
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