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World

Nissan reports 38 percent rise in profit on healthy China, US, Europe sales; raises forecasts

Associated Press
Published | Updated
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    People lay flowers and toys at an entrance of Pulkovo airport outside St.Petersburg, Russia, during a day of national mourning for the plane crash victims, on Sunday, Nov. 1, 2015. The Russian Metrojet airliner crashed Saturday in a remote mountainous part of Egypt's Sinai Peninsula 23 minutes after taking off from a popular Red Sea resort, killing all 224 people on board, including 25 children. (AP Photo/Dmitry Lovetsky) (The Associated Press)

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    In this Oct. 28, 2015 photo, Nissan Chief Executive Carlos Ghosn gestures during the Japanese automaker's presentation at the Tokyo Motor Show in Tokyo. Nissan’s profit for the July-September quarter zoomed 38 percent higher on healthy sales in China, the U.S. and Europe, prompting the automaker to raise its full-year projections. Yokohama, Japan-based Nissan Motor Co. reported Monday, Nov. 2, 2015, a fiscal second quarter profit of 172.8 billion yen ($1.4 billion), up from 124.9 billion yen the year before. (AP Photo/Shuji Kajiyama) (The Associated Press)

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    In this Oct. 28, 2015 photo, Nissan Concept 2020 is displayed at the Tokyo Motor Show in Tokyo. Nissan’s profit for the July-September quarter zoomed 38 percent higher on healthy sales in China, the U.S. and Europe, prompting the automaker to raise its full-year projections. Yokohama, Japan-based Nissan Motor Co. reported Monday, Nov. 2, 2015, a fiscal second quarter profit of 172.8 billion yen ($1.4 billion), up from 124.9 billion yen the year before. (AP Photo/Shuji Kajiyama) (The Associated Press)

TOKYO – Nissan's profit for the July-September quarter zoomed 38 percent higher on healthy sales in China, the U.S. and Europe, prompting the automaker to raise its full-year projections.

Yokohama, Japan-based Nissan Motor Co. reported Monday a fiscal second quarter profit of 172.8 billion yen ($1.4 billion), up from 124.9 billion yen the year before.

Quarterly sales at the Japanese automaker allied with Renault SA of France rose 13 percent to 3.034 trillion yen ($25.2 billion).

Nissan says it now expects a 535 billion yen ($4.4 billion) profit for the full year through March 2016. It credited strong sales, cost cuts and a favorable exchange rate.

The maker of the Leaf electric car and Infiniti luxury models had earlier expected a 485 billion yen ($4 billion) profit.