Nissan’s operating profit dropped 6 percent

Nissan’s operating profit dropped 6 percent: Nissan has reported its 2016 sales and it seems like the company didn’t really succeed in terms of car sales. Nissan’s operating profit dropped 6 percent in just ended fiscal year. The company’s operating profit declined to 742.2 billion yen ($6.67 billion) in the fiscal year ended March 31.

Net income advanced 27 percent to 663.5 billion yen ($5.96 billion) in the January-March period. Nissan attributed the rise to a one-time gain from the sale of its stake in former group supplier Calsonic Kansei Corp., which it booked in the fiscal fourth quarter. Worldwide revenue decreased 3.9 percent to 11.72 trillion yen ($105.34 billion) in the quarter, as global retail sales increased 3.7 percent to 5.6 million vehicles.

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