Nissan Records $4.2 Billion Profit

May 15, 2012 12:42 AM EDT | Staff Reporter

Nissan Motors posted a record of 4.28 billion full-year profit on Saturday, shrugging off the impact of Tsunami in the last year.

The Japanese automaker was under severe loss last year due to earthquake, followed by the Tsunami in Thailand. The devastating natural calamities pushed the world class car industry to lose significant market requirement for its auto parts and crimping vehicle production.

“Nissan Motors has been delivering world class automobile to almost every region in the world. Still, there’s a growing demand for vehicles irrespective of any continents," said Carlos Ghosn, President and Chief Executive Officer for Nissan Motors.

"We have a strong presence in all over the world. We carry a unique brand identity on which the Nissan Motors has spent its performance, investment and all its ideas. We are ready with a new strategy to take on this year,” Ghosn added.

Sidelining all the natural calamities, Nissan has outlined the local rivals Honda and Toyota by clinching their customers in both Japan and in Thailand.

“It was indeed the darkest hours for the Nissan Motors to face the natural challenges. We were starting initial years in both the countries and we were hit by natural calamities. But the struggle and hard work during those times seemed to have paved a profit for us. The workforce in Nissan continues to put in the same amount of strength in the months to come in this year to advance in popularity and delivering vehicles on demands,” added Ghosn in a statement.

The revenue of the world class auto maker is expected to rise to 9.5 percent in this year, compared to 2.4 in the 2011. Even the shares of the automaker have seen an increase of 12 percent in each year, placing the automaker at the top position in terms of highest share percentage growth in each year.

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