Management has reduced the number from Y500bn for the March 2019 fiscal year to Y410bn. This profit number was Y747bn in the last fiscal year, i.e. the new guidance is, expressed in yen, about 45% below last year’s. As the yen has appreciated against the euro during the last twelve months, the setback is less pronounced when expressed in euros. We are currently seeing the at-equity profit contribution in Renault’s 2018 accounts falling from almost €1.8bn to €1.3bn or by
12 Feb 2019
Nissan has lowered its full-year net profit guidance
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Nissan has lowered its full-year net profit guidance
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
12 Feb 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management has reduced the number from Y500bn for the March 2019 fiscal year to Y410bn. This profit number was Y747bn in the last fiscal year, i.e. the new guidance is, expressed in yen, about 45% below last year’s. As the yen has appreciated against the euro during the last twelve months, the setback is less pronounced when expressed in euros. We are currently seeing the at-equity profit contribution in Renault’s 2018 accounts falling from almost €1.8bn to €1.3bn or by