Nissan returns to quarterly profit on China sales

Nov 4th, 2009 - Heraldtribune

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TOKYO - Japanese automaker Nissan Motor Co. climbed into the black last quarter and forecast a smaller yearly loss as surging sales in China helped offset sluggish demand in the West.

The country's No. 3 car company posted net income of 25.5 billion yen ($270 million) in the July-September period after three straight quarters in the red. The result was 65 percent lower compared with last year but far better than Nissan's 16.5 billion yen loss in the April-June quarter.

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