Nissan's nine month profit jumps over 18%Monday 10 February 2014 12.00
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.