Nissan impresses with profits

Nissan Motors posted better-than-expected quarterly profits and lifted its annual earnings and sales forecasts yesterday, shaking off worries about the Thai floods and the global economy. For the July-September quarter, Nissan said operating profit fell 4.6 per cent to ¥159.3bn. Second-quarter net profit was ¥98.4bn, down 3.3 per cent, while revenue rose 0.7 per cent to ¥2.29 trillion as the carmaker boosted its share in most big markets.