PARIS | Renault’s revenue, net profit down in 2018

14Feb - by Editor - 0 - In STL.News

PARIS (AP) — French carmaker Renault said Thursday its revenues were down 2.3 percent to 57.4 million euros ($64.9 million) last year, announcing its financial results in the wake of former chairman Carlos Ghosn‘s downfall.

Renault said its net profit was down too, to 3.45 million euros, compared to 5.3 million euros the previous year.

Renault justified the loss in net income by “a decline from Nissan’s contribution.” Renault has a 43.4-percent stake in the Japanese firm.

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