Crisis-hit Japanese automaker Nissan said Thursday its net profit plunged more than 87 percent for the nine months to December as it struggles with weak demand and fallout from the arrest of former boss Carlos Ghosn.

Nissan revised downwards its full-year sales and profit forecasts, but warned that the impact from the spreading coronavirus crisis was not yet included in their figures.

"Let me express my sincere regrets to shareholders. The company results are weaker than expected," said CEO Makoto Uchida, who announced there would be no dividend paid.

Net profit for April-December dropped 87.6 percent to 39.3 billion yen ($358 million), on sales down 12.5 percent at 7.5 trillion yen for the period...

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Should We Start The DEATH Clock? Nissan Reports STAGGERING 87% DROP In Profit

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