Nissan reports record profits after earthquake

Posted on 12 May 2011 by The Manufacturer

Japanese car manufacturer Nissan announced that it had recorded the highest annual sales in the year up to March 31st since the company was founded in 1934.

The firm made a profit of 319.2bn yen ($3.7bn; £2.4bn) after making just 42bn yen net profits in the previous year. It also enjoyed a growth in global sales of 19%. This rise in sales increased the total revenue to 8.8 trillion yen, a percentage rise of 17%. Most of the growth was in China,…

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