Nissan sees $4.5 bn annual operating loss as pandemic hinders recovery

Topics Nissan | Coronavirus | Automobile

TOKYO (Reuters) - Nissan Motor Co said on Tuesday it expects to make an annual operating loss for a second straight year, as the coronavirus pandemic hampers its efforts to emerge from a deep slump in sales. It forecast an operating loss of 470 billion yen ($4.5 billion), which would be its biggest according to Nissan data that goes back to 1977 and much larger than a consensus estimate of a 262.

8 billion yen loss drawn from 20 analysts polled by Refinitiv. It predicted revenue would plunge by a fifth to 7.8 trillion yen and global.

This article is no longer available in our repository.

There could be multiple reasons for this.