Car manufacturer Nissan has revealed it saw a small rise in its profits in the last 12 months.
But its financial position was a lot stronger for the last quarter of the year, indicating there could be a positive year ahead for the company.
It announced its income during 2012 amounted to 342.45 billion yen (£2.2 billion), which is a rise of 0.3 per cent from the previous year. Nissan also noted its global revenue grew 2.3 per cent to 9.6 trillion yen over the year.
Sales in Europe decreased 7.5 per cent to 660,000, while they also dropped by more than five per cent in China to 1.18 million units.
There was more positive news for the firm in the US, where sales rose 5.4 per cent. The company also noted demand in emerging markets was strong. Sales worldwide overall increased to 4.9 million units, an increase of 1.4 per cent from the previous 12 months.
Shares in Nissan rose by three per cent on the back of the news and were trading more than 30 points higher than at the start of the day.
Learn about the Asian markets and CFD trading at City Index
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.