Nissan sees H1 opg profit 348 billion yen

Nissan Motor Co Ltd said it expects to post a six months to September operating profit of 348 billion yen, up 84% from the year earlier 188.8 billion and above market forecasts of 260-303 billion yen, on strong auto sales and cost cutting.

The firm also upgraded its operating profit forecast for the full year to 720 billion yen, sharply above the previous forecast of 553 billion.