5/11, 11:05 AM (Source: TeleTrader)
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Nissan's net revenue at $23.4B in Q4, up 7.3% YoY

Nissan Motor Company Ltd. revealed on Tuesday that its consolidated net revenue for the final quarter of 2020 stood at ¥2.5 trillion ($23.38 billion), marking a 7.3% rise compared to the same period a year prior. For the entire year, the company's revenue dropped 20.4%, landing at ¥7.9 trillion ($72.2 billion).

Consolidated operating loss amounted to ¥19 billion ($174 million) in the quarter ending March 31, 2021, while the entire year's figure came in at ¥150.7 billion ($1.38 billion). The automaker's net loss plunged 88.6% year-on-year to land at ¥81 billion ($744 million) in the final three-month period. Net loss considering the entire year amounted to ¥448.7 billion ($4.1 billion).

"Even in the challenging business environment of fiscal year 2020, Nissan has been consistently and steadily implementing the business transformation plan, Nissan NEXT, to recover its current performance and improve the business structure. By sustaining this momentum, Nissan will continue to introduce more attractive products and improve profitability and future corporate and brand value," the company said.

Breaking the News / BU