Nissan quarterly profit dives

Reported by AAP
Saturday, February 9, 2013
CBA boss sells Paddington home for $3 millionBanking chief, whose salary increased to $8.1 million last year, made a tidy profit on the Victorian terrace.

Nissan Motor Co has suffered a 34.6 per cent plunge in October-December profit to 54.1 billion yen ($A564.28 million) as global sales languished, especially in China, where anti-Japanese sentiment flared over a territorial dispute.

Yokohama-based Nissan said on Friday its quarterly sales dipped 5.3 per cent from a year earlier to Y2.2 trillion ($A22.95 billion) yen.

All the Japanese automakers are experiencing a sales decline in China, where a territorial dispute set off anti-Japanese riots and boycotts last year.

A slowdown in Europe added to Nissan's woes.

Nissan also struggled in the key US market, which was booming for rival Toyota Motor Corp.

Nissan stuck to its fiscal year forecast through March for a Y320 billion ($A3.34 billion) yen profit on Y9.82 trillion ($A102.43 billion) yen sales.

01/04/2015 07:46Sydney, Australia. 1 April,2015