Nissan annual profit soars to $4.2bn on weak yen, new models
Nissan
Tokyo - Arab Today
Nissan on Wednesday said its fiscal-year net profit soared 17.6 percent to $4.2 billion, crediting a weak yen and new model rollouts for buoyant results that drove past its own earlier forecasts.
Japan's number-two automaker reported a 457.6 billion yen profit in the year to March -- it had been expecting earnings of 420 billion yen -- on sales of 11.38 trillion yen, up 8.5 percent.
The company projected an even stronger 485.0 billion yen profit this business year.
Also Wednesday, however, Nissan and Toyota separately announced a huge recall tied to an exploding air bag crisis, with Nissan calling back 1.56 million vehicles while its rival recalled five million vehicles globally.
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Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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