TOKYO :Japan's Nissan Motor Co on Thursday said it expects operating profit to rise 38 per cent this year on a stronger outlook for sales and production volumes.
The Yokohama-based automaker sees operating profit rising to 520 billion yen in the financial year that just started, compared to a 396.21 billion yen average profit forecast in a poll of 19 analysts by Refinitiv. Operating profit for the three months ended March 31 came to 87.4 billion yen, versus the 89.81 billion yen average forecast in a poll of 11 analysts. It also compares to a 56 billion yen profit in the same period a year earlier.
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