Nissan slashes full-year results forecast, sees operating loss [Reuters]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Reuters
Nissan slashes full-year results forecast, sees operating loss TOKYO (Reuters) - Nissan Motor Co ( 7201.T ) on Tuesday said it expected to post an operating loss for the year that ended in March, as an ongoing decline in sales is exacerbated by the coronavirus outbreak. In a statement, the Japanese automaker said that it expected an annual operating loss of as much as 45 billion yen ($419.7 million) from a previous forecast announced in February for an operating profit of 85 billion yen. It expects to post a net loss of as much as 95 billion yen, compared with a previous forecast for 65 billion yen profit.
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