Automobiles and Components

Nissan forecasts 14.5% rise in operating profit

Adam Jeffery | CNBC

Nissan Motor forecast a 14.5 percent rise in annual operating profit on Wednesday, after robust growth in the past financial year thanks to a weaker yen and strong sales growth in North America.

Japan's No.2 automaker by global sales expects operating profit of 675 billion yen ($5.6 billion) this financial year, against a consensus forecast of 690 billion yen in a Thomson Reuters survey of 29 analysts.

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In the year ended March, operating profit climbed 18 percent to 589.56 billion yen, roughly in line with an average estimate of 587 billion yen.

It is assuming a dollar exchange rate of 115 yen for the current business year, and a euro rate of 130 yen.

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