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Nissan first-quarter operating profit drops 14%

Nissan first-quarter operating profit drops 14%

Reuters · 07/28/2022 03:31
Nissan first-quarter operating profit drops 14%

- Nissan Motor Co's NSANY first-quarter operating profit fell 14% to 64.9 billion yen ($478.08 million), the Japanese carmaker said on Thursday, citing surging raw material costs and production disruption from COVID-19 lockdowns.

Earnings for the three months to June 30 beat an average estimate of 45.8 billion yen from 11 analysts, Refinitiv data shows.

($1 = 135.7500 yen)


(Reporting by Satoshi Sugiyama
Editing by David Goodman
)

((Satoshi.Sugiyama@thomsonreuters.com;))