Nissan posts 46 pct rise in quarterly net profit

Newswire

YOKOHAMA, Japan, May 10 (Reuters) - Nissan Motor Co Ltd posted a 46.1 percent rise in its quarterly net profit, as the weakening yen helps Japanese carmakers convert profits back into yen at a more favourable rate. In January-March, Japan's second biggest automaker by sales volume posted net profit of 110 billion yen ($1.11 billion), compared with the 75.3 billion yen it booked in the same period last year. The fourth-quarter figure was above an average ...

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