Nissan profits jump 92%

(Sharecast News) - Motor manufacturer Nissan said annual profit jumped 92% to 426.6 billion yen (£2.1bn), driven by higher sales in all major global markets except China. Yearly sales were up by a fifth to YEN 12.7trln (£65.3bn) the company added on Thursday. First-quarter profit at Nissan fell slightly to YEN 101.3 billion yen (£520m).

Nissan forecast an 11% fall in profit next year to YEN 380 billion (£1.9bn) due to development costs, including support for suppliers.