Nissan books operating profit for fourth quarter in a row

Nissan announced an operating profit for a fourth consecutive quarter on Monday. The company's operating income for the three months ending June totaled 77.9 billion yen, surpassing expectations. Analysts had predicted a profit of 7.5 billion yen, while Nissan itself had forecast a 79.1 billion yen loss for the period. Despite lower global sales volumes and higher raw material prices, Nissan attributed its positive results to effective cost control measures and a weaker yen. The Japanese automaker has maintained its full-year operating profit forecast at 200 billion yen.