9 Feb 2012

Nissan production up

11:45 am on 9 February 2012

Nissan has reported a 3.6% rise in profits for the October - December quarter despite disruptions caused by floods in Thailand.

The carmaker posted a net profit of $US1.07 billion, up from $US1.03 billion a year earlier.

Earnings were boosted by a 19.5% jump in sales. Nissan sold 1.2 million vehicles worldwide during the period.

The earthquake and tsunami in Japan on 11 March last year resulted in vehicle production being suspended due to supply chain disruptions.

Later in the year, the floods in Thailand further hurt production.

In addition, the BBC reports the Japanese currency has risen more than 7% against the US dollar since April last year