TOKYO: Japanese automaker Nissan Motor Co yesterday reported a ￥136.4 billion (US$30.7 million) profit for the fiscal quarter through last month, down nearly 11 percent from the same period last year. The result was in line with forecasts from analysts surveyed by FactSet. Quarterly sales shrank 8.4 percent to 2.65 trillion yen due to a stronger yen. The Yokohama-based automaker kept its full-year forecast for a ￥525 billion profit, up slightly from the ￥524 billion earned the previous fiscal year. Nissan blamed volatility in emerging markets for the lower profit, noting vehicle sales dipped in South America, the Middle East and Africa.
IFC invests $20m in Novatex to bolster Pakistan’s packaging exports, sustainable production
ISLAMABAD: The International Finance Corporation (IFC) has announced an investment of up to US$20 million in Pakistan’s leading plastic packaging...
