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(Update) Nissan Seen Remaining in Red for 3rd Straight Year

(Update) Nissan Seen Remaining in Red for 3rd Straight Year

   Tokyo, May 11 (Jiji Press)--Nissan Motor Co. <7201> is seen remaining in the red for the third straight year in the year through March 2022, weighed down by semiconductor shortages and a rise in vehicle development costs, according to its earnings report released on Tuesday.
   Nissan projected a consolidated net loss of 60 billion yen for the current business year, while reporting a net loss of 448,697 million yen for the year that ended this March, battered by sluggish sales amid the coronavirus pandemic. The latest loss was still better than the preceding year's 671,216 million yen.

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AFP-JIJI PRESS NEWS JOURNAL


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