Nissan 9-month profit soars on North America sales

AFP, TOKYO: Nissan yesterday said strong North American sales drove it to another surging profit, as the world’s top auto market China shows signs of picking up.
The Altima sedan maker said its April-December net profit jumped nearly 34 per cent from a year earlier to 452.8 billion yen ($3.7 billion), despite weakness in Japan and emerging markets.
Nissan, which also said revenue jumped more than 10 per cent to 8.94 trillion yen, is the last of Japan’s Big Three automakers to report its nine-month results. The company left unchanged its fiscal year to March profit forecast.
“Nissan has been strong in North America while sales in China are steady so the upward trend is likely to continue for now,” said Shigeru Matsumura, analyst at SMBC Friend Research Center, who pointed to the rollout of small sport utility vehicles in Asia’s top economy.
Japan’s automakers have also been looking to lure rival Volkswagen’s customers as the German giant deals with a massive pollution cheating scandal.

Nissan 9-month profit soars on North America sales

AFP, TOKYO: Nissan yesterday said strong North American sales drove it to another surging profit, as the worlds top auto market China shows signs of picking up. The Altima sedan maker said its April-December net profit jumped nearly 34 per cent from a year earlier to 452.8 billion yen ($3.7 billion), despite weakness in Japan and emerging markets. Nissan, which also said revenue jumped more than 10 per cent to 8.94 trillion yen, is the last of Japans Big Three automakers to report its nine-month results. The company left unchanged its fiscal year to March profit forecast. Nissan has been strong in North America while sales in China are steady so the upward trend is likely to continue for now, said Shigeru Matsumura, analyst at SMBC Friend Research Center, who pointed to the rollout of small sport utility vehicles in Asias top economy. Japans automakers have also been looking to lure rival Volkswagens customers as the German giant deals with a massive pollution cheating scandal.