Nissan Motor has boosted operating income sharply in its first fiscal quarter.
The automaker booked revenue of US$23.9bn (JPY2.90 trillion), an increase of 17.6% year on year. Operating profit was $1.6bn (JPY193.7bn), a 58% increase. Net income rose 36.3% to $1.3bn (JPY152.8bn).
Unit sales increased 4.4% to 1,294,000 in a global market up 1.5%. Market share rose to 5.9%, up from 5.7%.
“Nissan delivered solid financial results in the first three months of the fiscal year due primarily to strong demand for our core products in North America and Europe,” said president and chief executive officer Carlos Ghosn. “We are on track to deliver full-year financial guidance.”
The company expects to sell 5.55m units this fiscal year, up 4.4% and equivalent to global market share of 6.5%.