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Nissan posts 13.4% growth in Q1 profit

: Wednesday, July 30 - 2014 @ 16:14

Nissan Motor Co’s has said its operating profit rose a higher-than-expected 13.4% in the April-June quarter, thanks to improved sales in the US and China, its two largest markets, following a change in senior management overseeing US operations, Reuters has reported. The Japanese automaker said its first-quarter operating profit reached ¥122.6bn ($1.2bn), exceeding the ¥109.1bn mean estimate of 12 analysts polled by the news service. Nissan’s April-June vehicle sales grew 14.1% in the US to around 350,000 vehicles in the quarter, while globally they rose 6% to 1.24 million.

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Wednesday, July 30- 2014 @ 16:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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