The News Wheel
No Comments

Nissan Reports 17.6 Percent Increase in Net Income

Decrease Font Size Increase Font Size Text Size Print This Page

Current Nissan logo

Nissan Motor Co. announced its financial results for fiscal year 2014, and it’s impressive – a net income of $4.2 billion, up 17.6% from last year.

Nissan also reported an increase in net revenue, which is up 8.5%, and in operating profit, which increased by 18.3%.

President and CEO Carlos Ghosn seemed to blame a few separate factors. While talking about the future, he said, “We have been encouraged by demand for our new products. In the year ahead, we will remain focused on delivering continued revenue and profit growth, driven by our product and technology offensive, cost and sales discipline, and growing synergies from the Renault-Nissan Alliance. These actions will ensure we remain on the right path towards our mid-term strategic goals.”

This follows other good news from Nissan that came at the beginning of May, when the company announced a year-over-year increase in United States auto sales of 5.7%, managing to sell over 100,000 units.

Possibly because of all this encouraging news, Nissan expects to keep growing – for the next fiscal year, the company predicts that it will sell a total of 5.55 million units (an increase of 4.4%) and claim a global market share of 6.5%.