Nissan books operating profit for fourth quarter in a row
Nissan books operating profit for fourth quarter in a row YOKOHAMA, Japan, Aug 3 (Reuters) - Nissan 7201.T reported an operating profit for a fourth consecutive quarter on Monday, as improvements in controlling costs and a weaker yen offset lower sales volumes globally and higher raw material prices.
Operating income for the three months ended June totalled 77.9 billion yen ($497 million), compared with a median forecast of 7.5 billion yen profit in a poll of eight analysts surveyed by LSEG and a 79.1 billion yen loss in the same period a year earlier.
Japan's fourth-largest automaker maintained its operating profit forecast for the full year at 200 billion yen.
($1 = 156.7500 yen)
(Reporting by Daniel Leussink; Editing by Edwina Gibbs)
((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))
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