Japanese carmaker Nissan reported a net loss of 367.71 billion yen ($3.5B) in the first nine months of the fiscal year up to December 2020 although its performance improved in the most recent quarter.

The firm posted an operating loss of 131.63 billion yen during that time period and its consolidated net revenue dropped 29.2% year-on-year to 5.32 billion yen, according to the company’s results published Tuesday. EFE-EPA