OREANDA-NEWS. Nissan Motor Co., Ltd. today announced financial results for the 12 months to March 31, 2016.

The company delivered increased full-year revenues and profitability. Rising demand for new products in North America, Western Europe and China offset the impact of negative foreign exchange movements and slowing or declining sales in emerging markets.

Operating profit rose more than 34 percent to $6.6 billion (793.3 billion yen) for fiscal year 2015, representing a 6.5 percent margin on net revenues that reached $101.4 billion (12.19 trillion yen) for the period.

On a management pro-forma basis, which includes the proportionate consolidation of results from Nissan's joint venture operation in China, net revenues increased to 13.4 trillion yen in fiscal 2015, up 7.7 percent year-on-year. Pro-forma operating profit rose by 30.2 percent to 935.5 billion yen compared with fiscal-2014, representing a profit margin of 7.0 percent.

Globally, Nissan sold 5.42 million vehicles in the period, a 2.0 percent rise year-on-year.

"These solid results reflect the success of our continuing product offensive, particularly in the North American market," said Carlos Ghosn, president and chief executive officer. "Encouraging demand for new models, combined with continued cost efficiency, helped us withstand currency headwinds and volatile trading conditions in several emerging markets.