JAPAN: Nissan Q3 results better than expected
Nissan has posted a 56.8% rise in quarterly net profit for Q3 on the back of a weaker yen and improving sales in China.
The company recorded a JPY84.3bn ($824.73m) profit for the October-December quarter, which was ahead of analysts' expectations.
Nissan kept its profit target for the full year to the end of March at JPY355bn having cut its outlook three months ago by nearly 20%.
The carmaker's operating profit margin for the nine months to December was 4.1% which compares with 9.7% at rivals Toyota and 6.6% at Honda.
Nissan says it plans to increase its operating profit margin as well as global market share to 8% by the year ending March 2017.