Japanese car giant Nissan today said annual net profit soared 653% to 319.2 billion yen ($3.9 billion) but skipped a forecast for the current financial year due to the March earthquake.
Sales in China, Nissan's largest single market worldwide, hit record levels while sales also rose in the US and Europe.
It posted a profit of 30.8 billion yen in January-March, returning to the black from a loss of 11.6 billion yen the same time a year ago.
Nissan said its operating profit surged 72.5% to 537.5 trillion yen in the year in which it saw record global sales of 4.18 million vehicles worldwide.
It declined to give a forecast for the current financial year as it continues to assess the impact of the March 11 earthquake and tsunami disaster that disrupted production, crippled supply chains and caused power shortages.
'The March 11 earthquake in Japan significantly disrupted our operations, but Nissan is once again proving its resilience in the face of adversity,' Nissan President and chief executive Carlos Ghosn said.
