The net loss of the Japanese automaker Nissan Motor in the first half of 2020-2021 fiscal year amounted to 330 billion yen ($ 3.1 billion) against a profit of 65.4 billion yen (about $ 620 million) a year earlier, follows from the financial statements of the company.
The loss per share was 84.33 yen ($ 0.8) against earnings of 16.7 yen ($ 0.16) in the same period a year earlier. Revenue fell 38.2% to 3.1 trillion yen ($ 29.4 billion).
Nissan’s net loss for the second quarter of the fiscal year was 44.4 billion yen ($ 421 million) against a profit of 59 billion yen ($ 559.5 million) a year earlier. The loss per share was 11.34 yen ($ 0.1) against earnings of 15.07 yen ($ 0.14) a year earlier.
Revenue fell 27 percent to 1.92 trillion yen ($ 18.2 billion).
Over the past six months, the company has sold 1.699 million cars worldwide, which is 32.1% lower than a year ago.
The company also improved its forecast for the current financial year. Nissan now expects revenue of 7.94 trillion yen ($ 75.3 billion) instead of the previously expected 7.8 trillion yen ($ 74 billion).
Shareholders’ net loss is projected at 615 billion yen ($ 5.8 billion), up from 670 billion yen ($ 6.3 billion) in the summer. By the end of the financial year, the company expects to deliver 4.165 million cars, instead of 4.125 million as previously expected.
“Nissan has revised its annual forecast to improve commercial costs, as well as financial, production and fixed costs,” the company explains.
Before starting flights, Boeing will need to comply with a number of regulatory requirements – retrain pilots and update aircraft software. Boeing shares in the premarket rose by 6.73% to $ 234.16 per share, according to previous trading data. The head of the US Federal Aviation Administration (FAA), Steve Dickson, has signed an order allowing […]
The consolidated net profit of the world’s largest retail chain, American Walmart, for the nine months of 2020-2021 fiscal year (February-October 2020) increased by 44% and amounted to $ 15.714 billion, according to a press release. Walmart’s adjusted net income per share for the nine months was $ 5.48 against $ 3.74 in the same […]
The Japanese electronics giant Toshiba Corporation in the first half of the 2020-2021 fiscal year (ended September 30) earned a net profit of 3.493 billion yen ($ 32.95 million) against a loss of 145.146 billion yen ($ 1.3 billion) a year earlier. it is said in the company’s reporting. The company’s operating profit was 3.114 […]
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Traton Group, Volkswagen’s subsidiary for truck production, announced the purchase of its American competitor, Navistar International. Traton, which already owns about 16.7% of Navistar, is buying 83.3% of the company’s shares for the remaining $ 3.7 billion. Thus, the total value of the American company is estimated at $ 4.4 billion. Traton will pay Navistar […]
AMC Entertainment Holdings, which owns the world’s largest network of cinemas, presented its financial report for the third quarter of 2020. His company ended with a net loss of $ 906.5 million – 16.5 times worse than last year. In the third quarter, the company’s cinemas began to reopen after a five-month of lockdown due […]
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Facebook announced that it is shutting down two of its little-known apps shortly after they launched them. According to CNBC, Lasso, TikTok’s competitor, and Hobby, the competitor of Pinterest, will be shut down on July 10. Facebook released Lasso for iOS and Android in 2018. It was created to share 15-second videos with effects. The […]
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Startup company in the brokerage industry of the Robinhood on Monday for the first time published their monthly trade data platform. Robinhood Markets is a discount brokerage company that has become popular with novice investors, which offers commission-free trading through its website and mobile app. One of the key indicators which used in the brokerage […]
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President of the United States Donald Trump is studying the issue of prohibition of Chinese company Alibaba in the US. “Well, yes. We study and other things” – quotes his words the portal. In such way Trump answered for the question of whether the government does not intend to ban the work of other major […]
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