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Nissan posts 24.9% rise in H1 net profit

Staff writer |
Nissan Motor Co. announced a 24.9 percent year-on-year rise in its group net profit for the fiscal first half and a 16 percent rise in its net profit in the July to September period.

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Nissan said its quarterly net profit rose to $1.12 billion.

"Nissan successfully overcame challenging market conditions in the first-half of the fiscal year, delivering solid revenues and profitability amid encouraging demand for our latest models," Nissan CEO Carlos Ghosn was quoted as saying in a statement.

Its operating profit jumped 18 percent to 261.94 billion yen, the automaker added, while stating that sales had increased 8.2 percent to 5.14 trillion yen in the April-September period.

Nissan maintained its profit outlook said for the current fiscal year through next March, with a group net profit of 405 billion yen and operating profit of 535 billion yen..

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