Nissan raises earnings forecast after 21% quarterly profit jumpFebruary 9, 2015 - 13:03 AMT PanARMENIAN.Net - Nissan raised its earnings forecast for the fiscal year after reporting a nearly 21 percent jump in quarterly profit, the Associated Press reports. The Japanese automaker said Monday, Feb 9, that sales were strong in the U.S. and Europe and the cheap yen boosted overseas revenue. Nissan Motor Co. reported a better-than-expected 101.8 billion yen ($856 million) net profit for October-December. Quarterly sales surged about 17 percent to 2.94 trillion yen ($24.7 billion). The automaker said improved sales in the U.S. and Europe offset a decline at home in Japan. Yokohama-based Nissan, which makes the Leaf electric car, the Altima sedan and Infiniti luxury models, expects a 420 billion yen ($3.5 billion) profit for the fiscal year through March, marking an 8 percent rise year-on-year. Previously, it had projected a 405 billion yen ($3.4 billion) profit. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |