NISSAN has reported better-than-expected interim profits and said it is looking forward to a "significantly profitable full-year performance".
The Japanese car giant’s net profit for the six months to September was down by 12%, but the company forecasts higher earnings for the year on the back of higher sales expectations.
Nissan, which builds thousands of cars annually at its Sunderland plant, sold 2,225,000 vehicles worldwide during the period, up by 10.7% on a year ago. It posted first-half profits of £1.5bn while sales increased by 1.1% £34.2bn . It has now increased its full-year profits forecast to £2.3bn from the £2.2bn projected in June.
Carlos Ghosn, Nissan president and CEO, said: “Nissan has once again delivered strong first-half earnings and healthy profit margins, reflecting the innovation and consumer appeal of our vehicles in all markets around the world.
“In spite of unfavourable currency fluctuations, numerous natural disasters and a volatile global economy, we remain on track to deliver a significantly profitable full-year performance.”
