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.
FBR to take emergency fiscal measures to meet annual revenue targets
LAHORE: The Federal Board of Revenue (FBR) has not achieved its revenue collection objectives for the second month in succession,...