Nissan slashes full-year results forecast, sees operating loss

28 April 2020 - 12:29 By Reuters
Nissan's ongoing decline in sales has been exacerbated by the coronavirus pandemic. The company is expecting to post an operating loss for the year that ended in March.
Nissan's ongoing decline in sales has been exacerbated by the coronavirus pandemic. The company is expecting to post an operating loss for the year that ended in March.
Image: Akio Kon/Bloomberg via Getty Images

Nissan Motor on Tuesday said it expects to post an operating loss for the year that ended in March, as a decline in sales is worsened by the coronavirus outbreak.

In a statement, the Japanese carmaker said that it expects an annual operating loss of as much as ¥45bn (roughly R7.8bn) from a previous forecast announced in February for an operating profit of ¥85bn (roughly R14.8bn).

It expects to post a net loss of as much as ¥95bn (roughly R16.6bn), compared with a previous forecast for ¥65bn profit (roughly R11.3bn).


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