Crisis-hit Nissan issues fresh profit warning | 2019-04-25 | daily-sun.com

Crisis-hit Nissan issues fresh profit warning

25 April, 2019 12:00 AM printer

TOKYO: Nissan issued a profit warning on Wednesday, deepening the woes of the Japanese car giant as it seeks to recover from the shock of former boss Carlos Ghosn’s arrest.

The firm downgraded its projection for net profit in the fiscal year to March 2019 from 410 billion yen ($3.7 billion) to 319 billion yen, the second cut in its forecast in recent months, reports AFP.

Nissan appeared to acknowledge the recent difficulties surrounding the Ghosn affair, which has cast questions over the company’s own corporate governance.

It cited as a reason for the downgrade “the adverse operating environment facing the company.


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