![Nissan sees 38% full-year profit rise on stronger sales outlook](https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ4A08N_L.jpg)
© Reuters. FILE PHOTO: A visitor is seen at a Nissan Motor Corp. showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei Kato/File Photo
TOKYO (Reuters) -Japan’s Nissan (OTC:) Motor Co on Thursday said it expects operating profit to rise 38% this year on a stronger outlook for sales and production volumes.
The Yokohama-based automaker sees operating profit rising to 520 billion yen ($3.85 billion) in the financial year that just started, compared to a 396.21 billion yen average profit forecast in a poll of 19 analysts by Refinitiv.
Operating profit for the three months ended March 31 came to 87.4 billion yen, versus the 89.81 billion yen average forecast in a poll of 11 analysts. It also compares to a 56 billion yen profit in the same period a year earlier.
($1 = 135.0500 yen)