Nissan shares plunge 10% after profit warning
BI Desk || BusinessInsider
Published: 00:06, 26 July 2024
Photo: Collected
Nissan shares plunged more than 10 percent on Thursday after the Japanese automaker issued a profit warning, with CEO Makoto Uchida calling first quarter results "very challenging".
The Japanese company now predicts net profit for 2024-25 of 300 billion yen ($2 billion), down from 380 billion yen previously forecast, reports BSS/AFP.
Net profit in the first quarter plunged 73 percent year-on-year to 28.6 billion yen.
