NISSAN Motor Co achieved consolidated net revenues of 4.5468 trillion yen ($57.26 billion, €45.24 billion), an increase of 4.1 percent over the same period in FY11. In the first half, Nissan delivered operating profit of 287 billion yen ($3.61 billion, €2.86 billion), resulting in an operating profit margin of 6.3 percent. Net income was 178.3 billion yen ($2.25 billion, €1.77 billion), a decrease of 2.8 percent compared to FY11. Ordinary profit was 275.6 billion yen ($3.47 billion, euro 2.74 billion) for the six-month period. These results were achieved against a backdrop of unfavorable currency movements, deteriorating market conditions in Europe and signs of slowing growth in China. In the first half, Nissan sold 2.476 million vehicles worldwide, up 11.3 percent compared with the same period of last year – out-performing overall industry volumes that increased by 7.4 percent For the second quarter of FY12, Nissan's net income was 106 billion yen ($1.35 billion, euro 1.08 billion), an increase of 7.7 percent year-on-year. Net revenues were 2.4104 trillion yen ($30.67 billion, €24.52 billion), up 5.5 percent compared to last year. — SG
