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Nissan's quarterly profit up on cheap yen, US sales growth

Nissan's quarterly profit rises 36 pct on cheap yen, US and Europe sales, sticks to forecasts

Nissan's quarterly profit up on cheap yen, US sales growth

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.


Updated : 2021-09-21 14:25 GMT+08:00