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Nissan reports fourth straight profit increase
Nissan, the Japanese automotive company, has achieved operating profits for the fourth consecutive quarter, driven by cost reductions and a decline in the yen's value, despite a slowdown in global sales and rising raw material prices. Profits reached 77.9 billion yen (approximately 497 million dollars), compared to a loss in the same period last year. Nissan anticipates a net profit for the entire year close to 20 million yen, with revenues increasing to 13 trillion yen, affirming that the company has moved beyond the recovery phase and entered a growth stage, despite previous crises, including the arrest of former CEO Carlos Ghosn. Nissan plans to strengthen its position through the launch of new vehicles, while maintaining its operating profit forecast at 200 billion yen, despite challenges in the U.S. and Chinese markets.
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