Nissan Motor Company said on Thursday that it expects to report an 11.3% operating profit margin for the first half of fiscal year 2003 and a 15.2% increase in operating profits, to 401.1 billion yen ($US3.40 billion, €3.05 billion). However, net income after tax is expected to be 237.7 billion yen ($US2.01 billion, €1.81 billion), lower than last year's 287.7 billion yen.