JAKARTA: Nissan Motor Co Ltd today announced the consolidated net income in the third quarter totaled 80.1 billion yen (US$970 million), an increase of 35.1 billion yen compared with the same period last year.As cited at its official website, the net revenues were 2.1028 trillion yen (US$25.43 billion) or rose 5.3% compared with a year ago. Operating profit was 114 billion yen (US$1.38 billion) and operating profit margin came to 5.4%. Ordinary profit was 141.1 billion yen (US$1.71 billion)."Our financial results are evidence that Nissan continues to deliver solid performance. Though we foresee risks in rising commodity prices and exchange rate volatility in the fourth quarter, we will continue to deliver good results while remaining focused on our strategies to pursue profitable growth," said Nissan President and CEO Carlos Ghosn.In the April-to-December 2010 period, the company's net income after tax totaled 288.4 billion yen (US$3.32 billion). Net revenues were 6.4218 trillion yen (US $73.98 billion) or rose 19.4% compared with a year ago.Operating profit was 448.9 billion yen (US$5.17 billion) and operating profit margin came to 7.0%. Ordinary profit was 456.2 billion yen (US $5.26 billion).The Japanese giant automakers sold 3,018,000 vehicles in the first nine months or rose 20.5% compared with the same period last year. (T06/NOM)
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