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Nissan says nine-month profit jumps 18.4% to US$2.68b

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

TOKYO: Japanese auto giant Nissan said on Monday its nine-month net profit jumped 18.4 per cent to $2.68 billion, boosted by a cheap yen and improving demand in the key North American market.

The country's second-biggest car maker said it earned 274.1 billion in the April-December period on sales of 7.27 trillion yen, a rise of 19.7 per cent from a year earlier.

For the nine-months, Nissan sold 3.67 million vehicles globally, up 1.0 per cent.

"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."

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

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