Nissan returns to profit
09 February 2010
- £320 million profit for final quarter
- Scrappage sales, and growth in China
- Full-year profit predicted
Nissan has reported a return to profit in the final three months of 2009.
The manufacturer recorded a profit of 45 billion yen (£320 million) for the period of October to December.
Losses reversed
Nissan's return to the black for this period compares with a loss of 83 billion yen (£593 million) for the same period in 2008.
The Japanese car maker said that scrappage schemes and growth in China have boosted sales, allowing it to predict a full-year profit of around 35 billion yen (£250 million).
Nissan's vehicle sales in October to December 2009 were up 20% compared with the same period 12 months earlier.
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