TOKYO (AP) -- Nissan's April-June profit jumped 36 percent as the Japanese automaker benefited from a cheap yen and better sales in the U.S. and Europe.
Nissan Motor Co., which makes the March subcompact, Leaf electric car and Infiniti luxury models, reported Wednesday a fiscal first quarter profit of 152.8 billion yen ($1.2 billion).
Quarterly sales grew nearly 18 percent to 2.9 trillion yen ($23 billion).
Nissan stuck to its forecast for a 485 billion yen ($4 billion) annual profit.
The Yokohama-based company said it sold 1.29 million vehicles during the period. That 4 percent growth outpaced the overall market increase of 1.5 percent.
It expects to sell 5.55 million vehicles this fiscal year, up 4 percent from the previous year.