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Nissan profit falls 18 per cent

dpadpa 7/11/2016

Nissan says its operating profit for the July-to-September quarter dropped 18.6 per cent year-on-year.

Nissan says its operating profit for the July-to-September quarter dropped 18.6 per cent year-on-year to 163.9 billion yen ($A2.04 billion) due to a stronger yen and falling sales in Japan.

Japan's second-largest carmaker also booked a net profit of 146.1 billion yen for the fiscal second quarter, down 15.5 per cent from the same period the previous year, while sales were down 12.1 per cent to 2.67 trillion yen.

Nissan's car sales in Japan declined 16 per cent from a year earlier to 121,000 units for the quarter, while those in the United States, Nissan's biggest market, edged down 0.3 per cent to 385,000.

Nissan did maintain its net profit forecast at 525 billion yen and operating profit outlook at 710 billion yen for the current financial year to March 2017, however, while sales were predicted at 11.8 trillion yen.

Last month, Nissan completed its purchase of a 34 per cent stake in scandal-hit Mitsubishi Motors for 237 billion yen.

Nissan decided in May to come to the rescue of Mitsubishi, which revealed in April that it had manipulated data on fuel economy tests in Japan for four vehicle models.

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