Published November 02, 2015
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.
https://www.foxnews.com/world/nissan-reports-38-percent-rise-in-profit-on-healthy-china-us-europe-sales-raises-forecasts