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Nissan Motor Co.

Nissan quarterly profit up on healthy sales; keeps forecasts

Japanese automaker Nissan reported Wednesday a 25 percent increase in fiscal third-quarter profit to 127.2 billion yen ($1.1 billion) on strong sales.

Nissan Motor Co. reported a 101.8 billion yen profit for the October-December period a year earlier.

The maker of the March subcompact, Infiniti luxury model and Leaf electric vehicle said quarterly sales were 3.0 trillion yen ($26 billion), up from 2.9 trillion yen.

Nissan, based in the port city of Yokohama, left its full-year forecasts unchanged at 535 billion yen ($4.6 billion) profit, up 17 percent from the year before, on 12.3 trillion yen ($107 billion) in sales, up 8 percent.

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