Business

Nissan profits boosted by strong sales

Carlos Ghosn
Image caption The Japanese automaker has raised its outlook for the year ahead

Japanese carmaker Nissan has announced a fourfold rise in quarterly profits and raised its full-year forecasts.

Nissan reported a second-quarter net profit of 101.73bn yen ($1.26bn; £775m), up from 25.53bn yen a year ago, with sales up 21.4%.

It also raised its full-year profit forecast to 270bn yen from 150bn yen.

"Our first-half results demonstrate that Nissan's recovery efforts are working effectively," said Nissan chief executive Carlos Ghosn.

Nissan announced 20,000 job cuts at the height of the financial crisis.

The increase in sales outweighed the impact of the strengthening yen, which has dented the post financial crisis revival for some Japanese companies.

More on this story

Related Internet links

The BBC is not responsible for the content of external Internet sites