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.

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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.

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