Nissan Motor Co., Ltd. announced its Q1 FY2024 financial results with consolidated net sales of 2.9984 trillion yen, consolidated operating profit of 1 billion yen, and net income of 28.6 billion yen. Profits decreased due to intensified sales competition and inventory adjustments in the US market. The full-year outlook has been revised down to consolidated net sales of 14 trillion yen, consolidated operating profit of 500 billion yen, and net income of 300 billion yen.
Source: Nissan Motor (July 25, 2024)
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