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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Nissan’s full-year profit rises 38% on improved sales.

A visitor is seen at a Nissan Motor Corp. showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei ... A visitor is seen at a Nissan Motor Corp. showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei Kato/File Photo
A visitor is seen at a Nissan Motor Corp. showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei ... A visitor is seen at a Nissan Motor Corp. showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei Kato/File Photo

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On Thursday, Japanese automaker Nissan Motor Co (7201.T) projected a 38% increase in operating profit due to increased sales and production.

A survey of 19 experts conducted by Refinitiv predicted an average profit of 396.21 billion yen for the current fiscal year. Still, the Yokohama-based carmaker expects operating profit to rise to 520 billion yen ($3.85 billion) this year.

For the three months ending on March 31st, operating profit was 87.4 billion yen, compared to the average prediction of 89.81 billion yen in a survey of 11 analysts. Also, this contrasts with the 56 billion yen profit made during the same period last year.


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