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4-Traders Homepage  >  Equities  >  Tokyo  >  Nissan Motor Co Ltd    7201   JP3672400003

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Nissan Motor : Boosts Q3 Operating Profit

02/10/2016 | 03:39pm US/Eastern

Tokyo, February 10 (QNA) - Nissan Motor Co on Wednesday reported higher-than-expected operating profits for the third quarter, after strong sales in North America and Western Europe offset the impact of weaker currencies in emerging markets.

Japan's second-largest automaker by sales posted an operating profit to 192.6 billion yen ($1.68 billion) in the October-December period, exceeding an average forecast of 178.66 billion yen according to forecasts drawn from 10 analysts polled by Thomson Reuters I/B/E/S/.

Operating profit jumped 23.5 percent from 155.97 billion yen a year earlier. Nissan kept intact its full-year operating profit forecast of 730 billion yen, while also keeping its net profit forecast unchanged at 535 billion yen. The automaker also kept its full-year currency rate forecast unchanged at 119.4 yen to the U.S. dollar. ($1 = 114.8600 yen). (QNA)

(c) 2016 Qatar News Agency . All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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