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

Associated Press
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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)

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)

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)

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.