Nissan's nine month profit jumps over 18%

Monday 10 February 2014 12.00
Nissan sold 3.67 million vehicles globally in the months from April to December
Nissan sold 3.67 million vehicles globally in the months from April to December

Japanese car giant Nissan said its nine-month net profit jumped 18.4% to $2.68 billion, boosted by a cheap yen and improving demand in the key North American market.

Japan's second-biggest car maker said it earned 274.1 billion yen in the months from April to December on sales of 7.27 trillion yen, a rise of 19.7% from a year earlier.

During the nine months, Nissan sold 3.67 million vehicles globally, up 1%.

"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,' he added.

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