Nissan says nine-month profit jumps 18.4%

Nissan, Japan's second-biggest car maker, says its nine-month net profit jumped 18.4 per cent to $US2.68 billion ($A3 billion).

Japanese auto giant Nissan says its nine-month net profit jumped 18.4 per cent to $US2.68 billion ($A3 billion), boosted by a cheap yen and improving demand in the key North American market.

The country's second-biggest car maker said it earned 274.1 billion yen in the April-December period on sales of 7.27 trillion yen, a rise of 19.7 per cent from a year earlier.

For the nine-months, Nissan sold 3.67 million vehicles globally, up 1.0 per cent.

"Nissan has delivered a solid nine-month performance amid growing demand for new models in several key markets," the company's chief executive Carlos Ghosn said in a statement.

"Sales in Japan and North America helped offset emerging market volatility and sluggish conditions in Europe. Based on its strong product line-up and current market demand, Nissan is maintaining its full-year earnings guidance."

In November, Nissan downgraded its fiscal full-year net profit forecast to 355 billion yen from an earlier estimate of 420 billion yen.


1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world