Nissan posts 13.4% growth in Q1 profit

July 30, 2014 4:14 pm

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.