– The Associated Press
TOKYO – Nissan Motor Co. said this week that its net profit for the July-September quarter slipped 4.3 percent from a year earlier, but the automaker raised its earnings outlook for the full year on projections of higher sales.
Japan’s second-biggest vehicle manufacturer seems to be weathering the strong yen and tsunami disaster better than some of its rivals, including Honda and Mazda.
Sales are growing in Europe, China and the U.S., said the maker of the March subcompact and Leaf electric car.
Nissan’s quarterly net profit declined to 98.4 billion yen ($1.26 billion) from 101.73 billion yen last year, while half-year profit slid 12 percent to 183.4 billion yen ($2.3 billion) as sales rose 1.1 percent to 4.367 trillion yen ($54.73 billion).
Nissan, which is allied with Renault SA of France, raised its forecast for the full year through March 2012 to 290 billion yen ($3.63 billion).
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